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D.E. Shaw’s Biggest Hedge Fund Saw 10.5% Gain Last Year

  • Fund had double-digit returns in seven of past eight years
  • More macro-focused Oculus fund rose about 11.8% in 2019
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D.E. Shaw & Co.’s flagship hedge fund extended its winning streak, gaining about 10.5% last year.

The returns were driven by gains in both the systematic and discretionary investment strategies, according to a person familiar with the matter. The $14 billion Composite fund, which invests across multiple strategies and is the company’s longest-running, has notched double-digit returns in seven of the past eight years.