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D.E. Shaw Raises $2 Billion for Flagship Hedge Fund

  • Opens doors to fresh capital for first time in seven years
  • Sees attractive investment opportunities amid market chaos
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D.E. Shaw, one of the world’s biggest hedge funds, has raised $2 billion in commitments after opening its doors to new capital for the first time in seven years.

The New York-based firm turned away additional investor interest, capping how much it’ll accept at $2 billion, according to a person briefed on the matter. That’s the amount it believes it can put into attractive investments in current turbulent markets, the person said, asking not to be identified because the details are private.