Hedge Funds

DE Shaw re-opens Composite Fund


D.E. Shaw is re-opening its $5.5 billion multi-strategy fund, D.E. Shaw Composite Fund, to $400 million to $800 million of new investments on January 1.

The move gives investors desperate for capacity a shot at a long-closed, highly sought-after manager.

The D.E. Shaw Composite Fund gained a reported 5% in November and is up 13.90% for the year through November. The New York quantitative trading specialist runs about $8 billion in assets.