David Elliot Shaw, an American billionaire scientist and hedge fund manager, founded DE Shaw in 1988. DE Shaw is a New York-based hedge fund, with a Q1 portfolio worth about $107 billion.
DE Shaw delivers strong returns in 2020
Submitted
By James Williams | 12/01/2021 - 10:45am
DE Shaw’s flagship multi-strategy fund delivered net returns of +19.4 per cent for investors in 2020, according to a person familiar with the firm’s results.
The DE Shaw Composite Fund (Composite), the firm’s largest fund, launched in 2001 and provides investors with exposure to the broadest array of the firm’s absolute return strategies. Last year’s returns, in what, for many, was a hugely volatile period, build on 2019’s net annualised return of +10.4 per cent.
DE Shaw is widely regarded as one of the industry’s most successful hedge fund managers. Since 2001, Composite has posted an annualised net return of +11.7 per cent and only recorded one losing calendar year over two decades. This has helped generate a net Sharpe Ratio of 1.83.