Flagship DE Shaw hedge fund chalks up 24.7% gain in 2022

DE Shaw's flagship hedge fund, the DE Shaw Composite Fund, weathered last year's high-volatility environment to chalk up gains of 24.7% after fees, ahead of average annual hedge fund industry returns, according to a report by Reuters.

The report cites an unnamed source as saying performance at DE Shaw's largest hedge fund was driven by systematic, discretionary and hybrid investment strategies helping the multi-strategy fund improve on its 18.8% return posted in 2021.

DE Shaw's second biggest fund meanwhile, the macro-oriented Oculus Fund, also beta its 2021 showing with a 20% gain last year.

Both funds are closed for new money.