D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the market. In 2018, Institutional Investor reported that among hedge funds, D. E. Shaw & Co. had delivered the fifth-highest returns in the world since its inception.
In 2016, D. E. Shaw Group’s equity & equity linked strategy fund D. E. Shaw Valence ranked 18th on Penta’s Top 100 Hedge Funds. In the same ranking a multistrategy fund run by the company called D. E. Shaw Composite ranked 32nd in 2016 and placed 66th in 2015.
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