FINANCE TIMES
DE SHAW MOBILISES TEAM TO BUY DISTRESSED ASSETS OF FUND RIVALS
DE Shaw, the third largest hedge fund, has established an in-house team to look at buying portfolios of distressed assets and is targeting the holdings of rival hedge funds. The DE Shaw Portfolio Acquisitions Unit, launched last year, aims to capitalise on the discounts at which many illiquid assets are still trading, as well as a desire among investors to cut loose portfolios that have yet to recover.
LLOYD’
