Hints and tips:
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...‘cutting the grass and weeds’, and in a lot of our portfolios we consider whether sheep are a practical option . . . in some instances it’s a really natural fit.”...
...It’s a subject Alphaville is interested in, so we thought we’d dig in a bit as well, using some of the investment bank research that they cited....
...Hedge funds snapped up Berkshire Hathaway stock in the second quarter, with DE Shaw, Renaissance Technologies and Bridgewater Associates buying millions of shares in Warren Buffett’s conglomerate....
...David Shaw’s DE Shaw, which manages about $27bn, gained 0.9 per cent in its main Composite fund but lost 2.3 per cent in its global macro Oculus fund, according to people familiar with its performance....
...By the end of the day, Knuteson says they should be left with a slightly higher-valued portfolio....
...their reporting of carbon emissions”, DE Shaw said....
...One big investor in hedge funds described the numbers from his quant portfolio as a “disaster”, while some say the setbacks resemble a “quant quake” — a reference to a brief but traumatic period for the...
...DE Shaw declined to comment....
...I’d be nervous on some of these growthier deals about constant multiples on the way out five years from now.” Watch the full private equity panel held by DD’s Kaye Wiggins....
...Quant funds like Renaissance Technologies, the $60bn firm founded by Jim Simons, and DE Shaw, continued their winning streak....
...The pain is cushioned by DE Shaw paying 150 per cent of normal base salary during this “non-competition period”. But still some employees consider it an unfair restriction....
...Point72 Asset Management has hired Matthew Karchmer as a portfolio manager covering the consumer sector. He was previously at DE Shaw & Co....
...Headhunters estimate that a “quant” with merely five years of experience could expect pay packages of at least $300,000 a year, up from about $250,000 a few years ago, while more senior analysts and portfolio...
...The flagship investment vehicles of Renaissance Technologies, Two Sigma, Citadel and DE Shaw notched up hefty gains in 2018, underlining how some of the hedge fund industry’s biggest names have managed to...
...Most of DE Shaw's flagship vehicles have been closed to fresh investments for years, but the New York hedge fund has enjoyed robust growth in its long-only business....
...Fifth was Israel Englander of Millennium Management, who made $975m, followed by Chris Hohn of TCI Management, Third Point’s Dan Loeb, Charles Coleman of Tiger Global, David Shaw of DE Shaw, and John Overdeck...
...Mr Gibson spent two decades with DE Shaw, the hedge fund manager, before founding Assiduous Investments, in 2015....
...Onwards:A buyout fund just bought company E, a terrific company, for 15x ebitda, a very high “headline figure.”...
...Pershing Square has recently been revamping its portfolio after several years of losses and a wave of investor redemptions....
...“We appreciate Lowe’s collaborative approach and are pleased to have worked together to enhance the company’s board of directors,” said Quentin Koffey, a portfolio manager at the DE Shaw....
...DE Shaw hired the fund manager Quentin Koffey from Paul Singer’s Elliott Management in May last year to build its first activist portfolio....
...We’d provide the details if we weren’t convinced you’d heard them before (about a million times or more). But there is one reason not to despair entirely....
...“It used to be you’d go into boards and they’d ask, ‘tell us who these guys are, are they really staying around, and are they serious, and can’t we just tell them to go away?’ That’s gone....
...While he declined to name clients that have tried D-Wave’s quantum computers, Two Sigma, Renaissance and DE Shaw as well as WorldQuant — the hedge fund industry’s most sophisticated players — are among those...
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