Saturday, 30 August 2014
Last updated 1 day ago
Apr 21 2014 | 12:36pm ET
D.E. Shaw, which closed its main hedge funds to new investors last year, has raised $155 million for a pair of new ones.
The onshore D.E. Shaw Special Opportunities Fund has sold $39.5 million and the Caymans-based D.E. Shaw Special Opportunities International Fund has sold $115 million, according to regulatory filings.
Minimum investment for the funds, which launched in early April, is $1 million.
The New York-based D.E. Shaw Group, which managed $22.7 billion as of January 2014 according to filings, closed its Heliant, Oculus and multi-strategy Composite funds to new investors in 2013 in an effort to protect its returns.
Several smaller and bespoke strategies, including those investing in reinsurance and mortgage bonds, remained open to investment.
A request to D.E. Shaw for further information on the new funds had not been answered as of press time.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...