Lehman buys 20% stake in DE Shaw

Lehman Brothers has purchased a 20% stake in DE Shaw, a $29 billion New York-based hedge fund. The deal, which closed on March 12, involves an upfront payment and future performance-based payments.

"We're very pleased to be associated with Lehman Brothers," says David Shaw, founder of the 19-year-old private investment vehicle. "Lehman has demonstrated a strong commitment to investment management, and will be a valuable resource to us as we continue our efforts to innovate within both the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: