The DE Shaw Group approved for Private Fund Management license in China
The DE Shaw group, a global investment and technology development firm, has been granted a license to develop and market onshore investment products to investors in China.
The Private Securities Investment Fund Manager (PFM) license is issued by the Asset Management Association of China.
The DE Shaw group was among the first alternative asset managers to trade Asian markets and has been active in mainland China since the early 2000s. It opened its current Hong Kong office in 2007 and its Shanghai office in 2010.
"The DE Shaw group has extensive experience in mainland Chinese markets, and we are honured to receive PFM registration to deepen our presence in China for the long term," says Eddie Fishman, Chief Operating Officer and Executive Committee member, the DE Shaw group. "We look forward to working closely with Chinese investors to pursue opportunities in the nation's dynamic capital markets."
The DE Shaw group combines rigorous analysis and scientific research with a robust infrastructure built over thirty years, investing across a number of discretionary, systematic, and hybrid strategies.