D.E. Shaw’s biggest hedge fund returns almost 10%

The US$60bil firm gained 9.6% in its flagship composite fund, a source said. — Bloomberg

NEW YORK: D.E. Shaw and Co’s biggest hedge fund returned just under 10% in 2023, in a challenging year when the quant firm’s peers produced mixed results.

The US$60bil firm gained 9.6% in its flagship composite fund, according to a person familiar with the matter. The fund makes bets across various asset classes and geographies.