D.E. Shaw stops the bleeding
May 10, 2011
Lower fees, positive performance, and a more liquid portfolio have helped the firm to stabilize and re-grow assets.
The worst appears to be over for D.E. Shaw.
After a period mediocre performance and billions of dollars in investor redemptions, the quantitatively focused New York firm has stabilized its hedge fund assets, according to a source close to the firm, and managed $15.09 billion as of May 1.
Overall assets, including hedge funds, have stayed between $19 billion and slightly more than $20 billion since October; as of May 1, D.E. Shaw managed a...
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