News and Press

In the News

Euromoney 2005 Awards for Excellence: Best Alternative Investment House
Euromoney, July 2005
"It is easy to be in awe of highly secretive alternatives house D. E. Shaw & Co. The firm might not be the first to use complex mathematics and computer programmes to exploit inefficiencies - so called systematic statistical arbitrage - but it has certainly been one of the most successful. And its success is a result of its people. 'It's a firm of rocket scientists,' says one industry consultant."

Hedge fund D.E. Shaw stepping up buyout activities
Reuters, 5/25/2005
"The $15 billion firm aims to be "much more active" in acquiring whole companies and holding them for years, a person familiar with the firm's plans said this week.
The move is a further diversification for D.E. Shaw, founded in 1988 by David Shaw, a Columbia University computer science professor turned Morgan Stanley analytical trading guru. The secretive firm is known for generating top-tier returns using quantitative analysis and modeling, notwithstanding an industry downturn in recent months."

The New Raiders; They're back -- but with a twist.
Business Week, February 2005
"Founder David E. Shaw, himself a PhD in computer science, personally promised Frederick August Otto (F.A.O.) Schwarz, Jr., the founder's great-grandson, to make the retailer the world's greatest toy store. 'Our feeling was that the brand was strong and the things FAO used to do were important and worth something,' says Shaw, whose mother viewed toys as works of art. 'If we brought [FAO] back to its original mission, [the company] should be profitable.'"

D. E. Shaw Dips Toe in Macro Pool
Alternative Investment News, 5/19/2004
"The firm, which is run by well-known manager David Shaw, is best know for its quantitative strategies, but over the past few years the firm has broadened its horizons to include non-computerized trading. D.E. Shaw penetrated the macro arena with the launch of a new set of multi-strategy high volatility funds that include an allocation to the strategy. "

Shaw cracks the capacity code
Absolute Return, March 2004
"They say that Shaw doesn't do things on a small scale. He thinks big in all other aspects of his life, so why shouldn't Shaw believe that he can scale the capacity barrier that has stoppeed the growth of many of his rivals in their tracks?"
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Press Releases

D. E. Shaw group announces acquisition of interest in two power plants
9/1/2005

D. E. Shaw group hires head of quantitative research for its institutional asset management business
7/19/2005

D. E. Shaw group to Implement Next Generation Grid Using Sun Technologies
Sun Microsystems Press Release, 6/22/2005

D. E. Shaw group hires senior institutional marketer
10/4/2004

D. E. Shaw Group Hires Head of Direct Capital Unit
10/4/2004

D. E. Shaw affiliate acquires assets of Sure Fit, Inc.
8/11/2004

D. E. Shaw group acquires online assets of KB Toys
5/11/2004

FAO, Inc. sells FAO Schwarz Assets to D. E. Shaw Affiliate
FAO, Inc. Press Release, 1/26/2004