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DE Shaw: inside Manhattan’s ‘Silicon Valley’ hedge fund - Financial Times

Reported by Ft
Mar 25, 2019· 2 min read
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Key Takeaways
  • • D. E. Shaw manages roughly $50bn in assets and is described as the fourth-highest grossing hedge fund group of all time, having generated nearly $29bn for its investors since its early days.
  • • The firm was founded in 1988 by David E. Shaw and is based at Two Manhattan West in New York City, with around 3,000 employees across an international headcount.
  • • DE Shaw's origins are in quantitative investing, and the firm has evolved into a leader in quantamental strategies that blend quantitative models with fundamental analysis.
  • • The Financial Times profile characterises the firm as Manhattan's 'Silicon Valley' hedge fund, reflecting its academic, technology-driven culture.
Summary
According to the Financial Times, D. E. Shaw is one of the largest and most established hedge fund groups in New York, with approximately $50bn of assets under management. The firm is described as the fourth-highest grossing hedge fund of all time, having made nearly $29bn for its clients since its early years.

The D. E. Shaw group was founded in 1988 by David E. Shaw and operates as a global investment and technology development firm headquartered at Two Manhattan West in New York. Its investment management arm is known for an academic culture applied to real-world investing, a characteristic that has earned the firm the nickname 'Silicon Valley' hedge fund in Manhattan.

The firm's original quantitative roots have shaped its business as it has grown into a leader in quantamental investing, which combines systematic quantitative models with fundamental analysis. Publisher coverage notes that D. E. Shaw has around 3,000 employees, giving it one of the largest and most international headcounts in the hedge fund industry.

The article's primary reporting is limited to the profile's headline and summary. Readers seeking detail on specific strategies, performance by year, or recent leadership and capital-return decisions should consult the full Financial Times piece.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Ft DE Shaw: inside Manhattan’s ‘Silicon Valley’ hedge fund - Financial Times