D.E. Shaw Closes Flagship Hedge Fund To New Investors

One of the biggest hedge funds of the industry is closing its doors to new capital. D.E. Shaw closed the last of its funds, the Composite fund, to new investors in the summer of this year, Sam Jones reports for Financial Times.

D.E. Shaw Group manages $32 billion across the firm, which includes its hedge funds Oculus, Heliant and the flagship Composite. These assets are up from $27 billion in October 2012, implying that the group has raised new capital and/or generated good returns. Oculus and Heliant are also closed...