Reported 2 days ago
D.E. Shaw & Co. plans to return billions to external clients after its flagship hedge fund, the Composite, recorded an 18% gain in 2024, while its second-largest fund, Oculus, achieved a remarkable 36%. The firm, which manages over $65 billion, intends to return around half of last year's profits from these funds to its clients. The strong performance across various investment strategies marks a successful year for D.E. Shaw, which has historically maintained consistent positive returns.
Source: YAHOO