D.E. Shaw Moves Executive Committee's Gaudio to Asia to Increase Presence

D.E. Shaw & Co., the $20 billion asset manager founded by David Shaw, is moving Julius Gaudio, one of its six executive committee members, to Hong Kong from New York to increase the ranks of senior management in Asia.

Gaudio, the first member of the executive committee in Asia, is also a joint supervisor of the New York-based company’s global asset management businesses, said the e-mailed statement today. He heads its corporate credit-related strategies.

“The Hong Kong office has quickly become an important hub for our global operations only a few years after its establishment,” Meng Liang, chief executive officer of D.E. Shaw’s Greater China private-equity unit, said in the statement. Gaudio’s relocation “demonstrates the firm’s continued commitment to the region.”

D.E. Shaw is joining global managers such as Davidson Kempner Capital Management LLC, Moore Capital Management LLC and GLG Partners Inc. in setting up Asian offices or adding to local staff, according to records from Hong Kong’s Securities and Futures Commission.

Fortress Investment Group LLC is moving Adam Levinson, co- chief investment officer of its global macro funds, to Singapore early next year to lead the expansion of the New York-based buyout and hedge-fund firm in the region.

D.E. Shaw’s Hong Kong office, set up in 2007, is one of six it has in Asia, it added.

Gaudio joined D.E. Shaw in 1993 and has been involved in research, development and trading with a focus on the convertible and credit markets, and on direct capital activities, according to the statement.

He set up D.E. Shaw’s convertible bond trading group. He is also a member of the company’s risk committee as well as its private-equity and real-estate investment committees.

D.E. Shaw, which lost investors after limiting withdrawals in 2008, fired about 150 employees, about 10 percent of its workforce, two people familiar with the cuts said in September.

Assets have fallen by nearly half from the peak of $39 billion in 2008.

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

To contact the editor responsible for this story: Malcolm Scott at mscott23@bloomberg.net

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