Tag:
DE Shaw
Latest Headlines
Latest Headlines
D.E. Shaw layoffs a sign of times?
People's eyebrows perked up when D.E. Shaw revealed it would lay off a tenth of its staff, about 150 jobs. Many see it as a harbinger of things to come, unfortunately.
The industry in many ways is hurting, as assets continue to decline. The conventional wisdom has been that bigger companies ar
Fund seeks distressed assets from other funds
While the distress in the hedge fund industry seems to have crested, there will no doubt always be funds who mess up. The DE Shaw Portfolio Acquisitions Unit, which was launched in 2009, intends to help its sibling funds buy up illiquid assets that are trading at steep discounts and are ripe to be
Better times for hedge funds?
The Financial Times notes the tide may be turning back in favor of hedge funds, as some big names show some impressive increases in inflows. We should qualify this a bit: It is a big-name, big-fund phenomena only. The best example may be Highbridge, which has racked up $20 billion in net inflo
PE investors worry about Lehman's stake in hedge funds
Lehman Brothers was bullish on hedge funds not too long ago. It amassed minority stakes in several big-name fund firms, notably DE Shaw, GLG and Ospraie, notes the Financial Times . Recall Lehman took a $100 million second-quarter writedown due to its stake in GLG, which trades publicly and has
Lehman Brothers to invest in hedge fund firms
The Financial Times reports that Lehman Brothers  is putting together a private equity-like fund, in which it will invest $1 billion, that will seek hedge fund firms . Many are expecting more hedge fund firms to put themselves up for sale. The problem is that there aren't a lot of buye
