Monday, 30 March 2015
Last updated 5 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…