Lehman buys stake in DE Shaw

Lehman Brothers has bought a 20% stake in the DE Shaw group, 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

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 indvidual account here: