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D.E. Shaw's Biggest Hedge Fund Gains 11.2% in 2018

  • Firm’s Composite fund hasn’t had a losing year in a decade
  • Hedge funds globally declined 6.7% in 2018 as equities tanked
David Shaw
David Shaw

Photographer: Kimberly White/Bloomberg 

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D.E. Shaw & Co.’s flagship hedge fund gained 11.2 percent last year, according to a person familiar with the matter, as stocks sunk and many competitors floundered.

The New York-based investment firm’s Composite fund invests across multiple strategies and is the company’s largest and longest-running. It returned 3.5 percent last month, the person said, as the S&P 500 Index sunk 9.2 percent.