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D.E. Shaw Hedge Fund to Take New Cash After Market Turmoil

  • Existing clients can put more money into firm’s flagship
  • It’s the first time D.E. Shaw has taken fresh money since 2013
Updated on

D.E. Shaw & Co. is opening its biggest hedge fund to fresh cash for the first time in seven years as it seeks to capitalize on the most turbulent markets since the financial crisis.

The investment firm is raising at least $1 billion for the Composite Fund, according to a person familiar with the matter.