It's rough out there.
A list of President Obama’s top fundraisers for his 2012 campaign was published on Friday and a number of financiers are listed as his top money-makers.The most conservative amount of money they’ve raised for Obama so far totals $3.2 million.
D.E. Shaw and Reliance Industries are expected to launch an Indian stock brokerage by 2012 (via Bloomberg).
Holy: DE Shaw is down $9.4 billion since the beginning of last year — a whopping 40$ of their assets under management, according to AR Magazine.
DE Shaw just lost another portfolio manager, and this time, it’s their biggest China guy, Liang (Leon) Meng, who had been a Partner and their Greater China CEO.Just last year, it sounded like the firm was expanding their reach into Asia by opening two offices in Shanghai and Tokya, but […]
[credit provider=”Facebook” url=”http://www.facebook.com/wyden?v=info#!/album.php?aid=246320&id=54787697857″] Oregon Senator Ron Wyden has a new hedge fund in his basement. And on the second-floor of his Washington home.But the fund isn’t his — it’s his son Adam’s.
After a bad year that might have made some investors re-consider their investments in the the huge quant fund, DE Shaw made it cheaper for investors by lowering some of its fees.
The former chief of D.E. Shaw‘s multibillion-dollar distressed credit business is launching a credit hedge fund at investment firm Golub Capital, FT reports.
DE Shaw disclosed this morning that it now has a ~$100 million short on Barclays.
Larry Summers isn’t wasting any time.
Now we’re really sad that Kevin Roose, who crashed Blackstone’s lavish Met soiree, didn’t sneak into DE Shaw’s holiday party – because apparently it was way better.
Onyx Pharmaceuticals cancer drug, Carfilzomib, shrank the tumors of one-third of study patients with a deadly blood cancer, the company announced yesterday.
Daniel Posner, who ran the distressed securities group at DE Shaw, is leaving the fund to start his own hedge fund, says HFMWeek.
[credit provider=”AP”] Analyst Anand Kinkhabwala broke the Greenlight company record for longest last name at the firm when she was hired this August. Einhorn congratulated her in the company’s latest investor letter.Prop trading firm New York Securities is hiring as it launches a new hedge fund. The company may hire […]
So we just found out that DE Shaw tried to create a town back in 2006.
New details on DE Shaw’s failed real estate venture in New Mexico shed some light on why the fund had to lay off so many employees two weeks ago (at least 150).
DE Shaw’s 150-person layoffs spooked the hedge fund industry a bit last week.The fund laid off 10% off its work force at all levels, including portfolio managers.