DE Shaw Group, the $26 billion New York-based hedge fund, could be considered one of the pillars of US hedge fund folklore. Secretive, highly technical, staffed with scientists, scarred by the Russian debt crisis of 1998, investors in the internet revolution, amorphous and opportunistic - all can be used to describe the 19-year-old private investment vehicle. But it's the firm's foray into business more the preserve of traditional asset managers and investment banks that has clearly set it
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