D.E. Shaw Plans to Return Billions After High Hedge Fund Gains

Investing.com -- Leading investment management firm D.E. Shaw & Co. is preparing to return billions of dollars to external clients. This decision follows significant gains from the firm's two largest hedge funds, Composite and Oculus, in 2024.

According to a source familiar with the matter, the firm's flagship multi-strategy hedge fund, Composite, reported an 18% increase in 2024. The firm's second-largest fund, Oculus, which primarily focuses on macro bets, saw a 36% rise. This represents Oculus's highest gain since its inception twenty years ago. The source requested anonymity due to the confidential nature of this information.

The majority of D.E. Shaw's assets under management, which exceed $65 billion, are invested in these two funds. The firm plans to return half of the profits generated from both Composite and Oculus to clients. While the exact amount has not been disclosed, the capital to be returned is expected to be in the billions of dollars.

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