DE Shaw is a New York-based $30 billion-plus quantitative hedge fund founded in 1988 by David E. Shaw, a former Columbia faculty member. The firm’s new positions in its ~$73 billion portfolio in 4Q 2013 are outlined in the below table.
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According to its website, the firm’s investment activities fall under two broad areas: alternative investments and benchmark-relative strategies. The firm focuses on the pursuit of attractive risk-adjusted returns for its investors. In the alternative investment strategies, this firm emphasizes on uncovering hard-to-find sources of return with modest long-term correlation to traditional asset classes; it looks for unique opportunities that are less exposed to competitive pressures and market crises. In benchmark-relative strategies, the firm seeks to use quantitative techniques to generate returns that exceed standard benchmarks and that offer diversification from conventional style factors like value, growth, size, or momentum.