Investors in DE Shaw's largest hedge fund saw a return of almost 10% in 2023, after fees, as multi-strategy and macroeconomic funds chalked up mixed performance during a year of volatile trading conditions, according to a report by Reuters.
The report cites a source familiar with the matter as saying that the fund' estimated result for the year to the end of December outperformed Hedge Fund Research's (HFR) Global Hedge Fund Index tracking hedge funds globally which was up 2.5% for the year as of 15 December.
By comparison, the multi-strategy DE Shaw Composite fund was up 9.6% for the year, having returned just over 25% in 2022.
The firm's macro-oriented Oculus Fund meanwhile, finished 2023 with a 7.8% return following a 20% gain in 2022, ahead of an HFR index tracking macro economic peers which was largely flat as of mid-December.
Blackstone multi-strategy fund reaches $276.9m in assets following new unit sales
Blackstone Multi-Strategy Hedge Fund has raised approximately $106.5m through the sale of unregistered limited partnership units, bringing…
More
CalPERS considers hedge fund return 12 years after high-profile exit
The California Public Employees’ Retirement System (CalPERS) is exploring a potential return to hedge fund investing through separately…
More
Hedge fund hiring slows as multistrategy firms expand external allocations
Hiring growth at major multistrategy hedge funds has slowed as firms increasingly allocate capital to external portfolio managers through…
More
