D.E. Shaw Raises $155M For New Hedge Funds

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...