Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Google Boosts DE Shaw

Hedge Fund Firm DE Shaw Secures Investment from Google’s Eric Schmidt

DE Shaw, the big quantitative hedge fund firm founded by billionaire David Shaw, secured investment from Google’s billionaire chairman Eric Schmidt.
Schmidt’s family office, Hillspire LLC, scooped up the stake from the estate of Lehman Brothers, which purchased the stake for some $750 million before the investment bank failed in 2008, helping to spark the financial crisis. The Lehman Brothers estate had been trying to sell the stake for a while, but the passive nature of the stake and the maturity of DE Shaw made it a bit of a tough sell. The financial terms of Schmidt’s purchase were not disclosed in the announcement of the deal.
DE Shaw, which was founded in 1988, manages $36 billion. The firm’s funds have posted blended returns of 8.4% this year through the end of March. David Shaw no longer is involved in the day-to-day operations of the firm, but does play a role in its strategic direction. He spends most of his time as chief scientist at DE Shaw Research, which conducts computational biochemistry research.
Source: Forbes

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, DE Shaw, David Shaw, Google, Eric Schmidt, Family Office, Hillspire LLC, Lehman Brothers.

Link to This Resource: Google Boosts DE Shaw

http://richard-wilson.blogspot.com/2015/04/google-boosts-de-shaw.html
Redesign by HedgeCo Website Creation