DE Shaw, the world’s third-largest hedge fund with about $28bn under management, has established a special in-house team to buy up portfolios of distressed assets – particularly so-called “side-pcketed” assets from rival hedge fund firms. The DE Shaw Portfolio Acquisitions Unit – launched late last year – aims to capitalise on the steep discounts at which many illiquid assets are still trading.

This entry was posted by Gwen Robinson on Tuesday, February 9th, 2010 at 5:17 and is featured in The 6am Cut London (9 Feb 2010) . Tagged with de shaw. Edit this entry.