D.E. Shaw stops the bleeding
By Lawrence Delevingne
Tue 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
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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