Hedge Fund Focus

D.E. Shaw May Allow Clients to Increase Withdrawals from its Two Largest Funds

According to knowledgeable sources, D.E. Shaw & Co., the $29 billion investment firm run by David Shaw, will allow clients to withdraw more money from its two biggest funds than previously permitted.  The New York-based firm is now offering clients the one-time option to pull 16 percent of their assets from its Oculus and Composite funds next month. In addition, those who accept won’t be able to make additional withdrawals this year.   The firm’s Composite funds, which pursue multiple investment strategies, rose as much as 6.5 percent in the first four months of the year.  The Oculus funds, which seek to profit from global economic trends such as moves in interest rates and currency values, gained about 1.6 percent in the first four months after returning 6.9 percent last year.

To view the full related press release on this matter, please visit Bloomberg Press:

• D.E. Shaw Said to Ease Limit on Fund Withdrawals