D.E. Shaw to give back money in multistrategy fund

By Katrina Dean Allen

Mon Sep 13, 2010

Read more:

The firm has returned capital in its multistrategy fund and is offering a new option that will allow investors to avoid exposure to private investments.

D.E. Shaw is making good on redemption requests from investors in its multistrategy D.E. Shaw Composite fund after almost two years of limited withdrawals, and the firm expects assets to drop significantly as a result. But in a move to attract new investors, the firm is at the same time offering a new share class for the multistrategy fund that will exclude exposure to its less liquid side pockets.

The firm recently notified investors that it would be lifting a gate of 6.25% on investor withdrawals that the firm set in its original offering documents. D.E. Shaw noted that...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI