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