D.E. Shaw, the über-geeky New York hedge fund that stumbled
after moving into real estate and private equity, is back on its game. This year, Shaw has had the biggest asset
growth among the top 20 hedge fund firms in Absolute Return’s Billion Dollar
Club, which tracks the biggest hedgies twice a year. Shaw added $2.4 billion to its hedge-fund
coffers this year, a 14 percent gain, bringing its assets to $19.4 billion as
of July 1, according to the ranking out today.
Hedge funds in general have had a sluggish year, with only
half of funds earning more than 3 percent through July. The industry’s asset
growth is not quite as lackluster. US hedge funds managing more than $1 billion
now number 268, gaining 6 percent since January to $1.42 trillion. That’s still
way below peak assets of $1.68 trillion in mid-2008.
Read more:
http://www.nypost.com/p/news/business/hedgies_rest_on_asset_8YppoLsa1QGhqlpShnrJnK#ixzz25hc5jcBM
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