D. E. Shaw to cease offering Valence as discrete strategy

Wed Dec 5, 2007

In a radical departure from its roots in equity volatility, D. E. Shaw has decided to stop offering its flagship Valence, a short-term statistical arbitrage fund, as a stand-alone strategy. Investors who wish to retain exposure to Shaw's ace stat-arb engine can roll their capital over to Shaw's Composite multistrategy fund, which has a roughly 30%...

ISSN: 2151-1845 / CDC10004H

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