It’s good to be able to afford to lose $460 million on a Reddit-driven short squeeze if, in fact, you are going to lose $460 million on a Reddit-driven short-squeeze.
D.E. Shaw has crunched the numbers and thinks the beleaguered company is worth something. Or, you know, maybe not.
It’s getting a good deal less global at the quant shop.
The Daniel Michalow apostate storyline is coming to a head at everybody's favorite ur-quant fund.
PRO TIP: If you're going to reappoint an esteemed female investor to the all-male leadership of your hedge fund at a pivotal cultural moment, at least pretend she's going to do it full-time.
D.E. Shaw is still spending its days aggressively worrying that it's just another hedge fund full of hedge fund types.