The D. E. Shaw group

The D. E. Shaw group is another hedge fund that was set up in 1988 and is known for focusing on quantitative strategies for its investments. The D. E. Shaw group ranks 2nd in the list of the best hedge funds based on AUM. David Elliot Shaw, a billionaire with a doctorate from the prestigious Stanford University, founded the company and the name of the company. In his current research, Dr. Shaw concentrates on computational biochemistry. To take advantage of abnormalities in the financial market, the firm is renowned for creating intricate mathematical models and cutting-edge computer systems.

The D. E. Shaw group has an AUM of $47.8 billion and selects companies for investment using a combination of quantitative and qualitative analysis. It targets a variety of businesses, including financial institutions, providers of renewable energy, and private equity ventures. The D.E. Shaw Composite Fund generated returns of about 18.5% in 2021 and 19.4% in 2020. Through August of 2022, the identical fund also generated a return of 20.5%. For a large fund, these are pretty excellent returns in both bull and bear markets.

Year of establishment: 1988

Founders: David E. Shaw

Headquarters: 1166 Avenue of the Americas, New York City, U.S.

Revenue: $120.0 million (2021)

AUM: $47.8 billion (2022)

Website: https://deshaw.com/