Hedge fund giant D.E. Shaw is on a roll. Its Composite Fund, the firm’s flagship fund, generated an estimated net return of around 18.5% in 2021, only slightly lagging behind the 19.4% return recorded in 2020. According to Bloomberg, the fund is up a further 20.5% for the year to the end of August. The firm, which manages around $60 billion in assets, uses a combination of quantitative and human trader strategies to make bets on multiple markets and asset classes. It was founded by computer scientist David Shaw in 1988 and was a quant-trading pioneer using complex algorithms to…
D.E Shaw Hikes Fees To 40% Amid Dismissal Lawsuit
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