The DE Shaw Group closes first onshore China investment fund

The DE Shaw group, a global investment and technology development firm, has concluded fundraising for its initial onshore investment fund in China. 

The firm, a pioneer in quantitative investing established more than 30 years ago, has been active in mainland China since the mid-2000s, with a presence in Shanghai for more than a decade.

"We're grateful for the opportunity to manage capital on behalf of a broad range of onshore Chinese investors, including institutions, asset managers, and high-net-worth individuals, and we're pleased the fund is off to a strong start," says Julius Gaudio, Executive Committee member, the DE Shaw group. 

The DE Shaw Razor China Fund deploys a systematic futures strategy, making use of the firm's trading infrastructure and portfolio optimisation process. The fund's trading activities are supervised and managed by personnel in the DE Shaw group's Shanghai office.

The fund launched in September after the Asset Management Association of China (AMAC) approved the firm's Private Securities Investment Fund Manager (PFM) license for a wholly foreign-owned enterprise (WFOE) in April 2019, enabling the firm to raise RMB-denominated funds from mainland Chinese investors to invest directly in markets in China.