Tuesday, 29 July 2014
Last updated 14 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…