DE Shaw

  • larrysummers-260x325


    Larry Summers’ M.O. For the Last 3 Years Has Been “Make Money Money Take Money Money”

    In addition to rejoining the Harvard faculty in 2011, he jumped into a moneymaking spree. His clock was ticking partly because he knew that the Fed chairmanship, to which he has long aspired, was likely to open up in early 2014, when Ben S. Bernanke’s second term will come to an end…The opportunities have been […]

    / Aug 12, 2013 at 2:52 PM
  • scott-london-pic-260x168


    Guy Who Traded Inside Information Re: Skechers, Herbalife For Envelopes Of Cash, Concert Tickets Pleads Guilty

    And he’s legitimately sorry though he’d like to just say, in his defense, that he had no idea the tips he was passing on to his jeweler/golfing friend would’ve amounted to a $1 million and then some profit. Twenty grand, sure. Fifty thousand, MAYBE.

    / May 29, 2013 at 4:16 PM
  • davidtepper


    David Tepper’s Lucky Brass Balls Worked Overtime In ’12

    Overtime that was not for naught! Thanks to labor laws protecting LBBs, Tepper took home $2.2 billion last year. Other people who made some money in 2012:

    / Apr 15, 2013 at 3:31 PM
  • News

    D.E. Shaw Geniuses Build Their Greatest Model Yet

    Do you worship at the Temple of Chipotle? Do you refuse to make use of the online order option that allows you to bypass the line, as one half of Team Dealbreaker does, but unlike said burrito lover, prefer not to show up before 12 so as to beat the rush? Would you die before patronizing some inferior establishment for lunch but would also like to know what kind of wait you’re going to be dealing with before making the trip, or, alternatively, not really care how long you have to wait but just get off on predicting stuff to a 3-sigma confidence level? Some enterprising D.E. Shaw employees have got covered.

    FYI- D.E. Shaw employees have built a model that predicts the length of the line at the Chipotle down the street from the 1166 Ave of the Americas office. Not only that, they are really excited about how accurate it is.

    Obviously this needs to be shared and disseminated ASAP, for the greater good, unless it’s being kept proprietary at this time for reasons that involve a little something called the DE Shaw Chipotle Line Length Fund I and investors who would pay 2 and 20, nay, 3 and 50 to get in on this little money-making machine.

    Related: Tools Of The Trade: How To Prove To DE Shaw You’re DE Shaw Material

    / Aug 29, 2012 at 1:47 PM
  • Hedge Funds, News

    Tech Venture Capital Community Views Hedge Fund Money As Impatient, Unsupportive, Scary, Devil-Esque

    As those of you’ve been paying very careful attention may have noticed, Wall Street is pretty into tech these days. Morgan Stanley is underwriting every single IPO available, Goldman Sachs has money in Mark Zuckerberg’s poking machine and LinkedIn is making Jim Cramer’s head explode. Hedge funds, however, want more. While Peter Thiel famously invested […]

    / Jul 12, 2011 at 10:47 AM
  • Banks, News

    DE Shaw Might (Help) Start A Bank

    With Indian billionaire Mukesh Ambani.

    / May 3, 2011 at 3:33 PM
  • News

    Son Of Senator Starts Hedge Fund Out Of Dad’s Basement Following DE Shaw Summer Internship

    After he graduated from Columbia Business School last June, Adam Wyden probably had a bunch of offers to mull over from various employers. What he really wanted to do, though, was be a hedge fund manager. So he figured he’d just start his own shop, having the experience of trading stocks for his own account […]

    / Feb 24, 2011 at 9:45 AM
  • News

    DE Shaw Cuts Rates

    Like a Thai hooker with the clap.

    / Feb 16, 2011 at 9:45 AM
  • News

    DE Shaw Not Really Feeling Barclays

    The hedge fund has taken a £100m short position in the bank.

    / Jan 18, 2011 at 1:05 PM
  • News

    DE Shaw Layoffs Leave Their Mark

    The tradition of having your wedding announced in the Times Sunday Style section is a long and venerated one. Not to minimize the whole finding of one’s soul mate aspect, but for many, the announcement is reason they’re getting married. So it had to have chafed pretty badly for one couple when the husband’s employer, […]

    / Nov 1, 2010 at 11:52 AM
  • News

    Tools Of The Trade: How To Prove To DE Shaw You’re DE Shaw Material

    As you have most likely heard, yesterday afternoon, DE Shaw cut ten percent of its workforce. The news probably suggests that anyone who’s been trying to make a jump who’d been considering shooting the hedge fund a resume ought to shelve that idea for now. Looking down the road, however, the firm will at some […]

    / Sep 29, 2010 at 5:35 PM
  • News

    Confidential To The Recently Laid Off Employees Of DE Shaw: Don’t Be Too Hard On Your Old Bosses

    Just 36 hours ago, a bunch of DE Shaw employees were under the impression they had jobs. Yesterday afternoon, they were informed such was not the case, when the hedge fund canned ten percent of its staff, including partners and portfolio managers. Right about now they’re probably very confused and very angry. At least half […]

    / Sep 29, 2010 at 4:42 PM
  • News

    Layoffs Watch ’10: DE Shaw Cans 150 Employees

    And if you thought it was just secretaries bearing getting the boot, think again!

    / Sep 28, 2010 at 4:37 PM
  • News

    Trish Regan’s Neighbors Gave Her Sh*t For Singing In The Shower

    As previously mentioned, I did a little interview with CNBC’s Trish Regan. We discussed, among other things, her time at DE Shaw and whether or not Charlie Gasparino and Dennis Kneale are necrophiliacs.

    / Jun 23, 2010 at 5:13 PM
  • News

    Goldman Beat By JPMorgan, Morgan Stanley, DE Shaw, And Random Fashion Chick

    The men, women and vampire squids at Goldman Sachs posses a lotta talent among them. Many of them can tie a maraschino cherry stem into a knot in under ten seconds. They pioneered the buddy system between the prime brokerage and prop desk so as to maximize front-running of clients. A not insignificant number of […]

    / Jun 17, 2010 at 5:18 PM
  • News

    Goldman Sachs Not Only Wall Street Firm To Get In On Icing Phenom

    Last week we mentioned that Goldman Sachs, in spite of the assumption it was immune from taking part in peasant-like drinking games, had played host to at least one confirmed icing on its premises at 200 West Street. For the uninformed, “Icing” is the new game the kids are playing these days, wherein you surprise […]

    / May 26, 2010 at 3:15 PM
  • News

    SAC Capital, Tudor, Citadel Funds End Year Up 28.39, 16.51, 61.84 Percent

    December and YTD performance: SAC Capital International: December 2009: 2.18% YTD: 28.39% Moore Global Investments: December 2009: 3.6% YTD: 20.6% Paulson Advantage Ltd. : December 2009: 0.23% YTD: 13.75%

    / Jan 11, 2010 at 11:55 PM
  • News

    Administrate This

    It should come as no surprise that the Madoff losses have resulted in a big spikey-spike in “we promise we have a bunch of investments, just ask Bob over there” shifts to third party administrators. Lots of larger funds had integrated substantial administration and back office services into their own operations at least for cost […]

    / Mar 2, 2009 at 8:42 AM

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