for the biochemistry research company see d. e. shaw research . d e shaw & co lp type limited partnership industry investment management founded 1988 ; 28 years ago 1988 headquarters 1166 avenue of the americas new york city new york u.s. key people david e. shaw products hedge fund private equity aum us 30 billion as of mar 1 2012 1 number of employees 1300 website www.deshaw.com d. e. shaw & co. l.p. is a global investment management firm founded in 1988 by david e. shaw and based in new york city . 2 the firm has offices in hong kong mumbai hyderabad shanghai and tokyo . the company has made investments in technology wind power real estate and financial services firms . the subsidiaries of the company acquired the toy store fao schwarz and etoys.com . contents 1 history 2 investment strategy 3 corporate responsibility 3.1 offices 4 see also 5 references 6 external links history edit the firm was founded by david e. shaw a former columbia university faculty member and has more than 1 300 employees . 3 david shaw directed the company from 1988 to 2001 but by 2010 the firm s management structure evolved into a six member executive committee . 3 4 in 1997 the firm returned capital to most of its early investors in favor of a structured credit facility of nearly 2 billion from bank of america with terms that allowed d.e. shaw & co. to keep a higher fraction of profits than hedge fund investors normally allow . 5 after the russian debt default in 1998 the company suffered losses in its fixed income trading . 6 in december 2003 a subsidiary of one of the company s funds acquired the toy store fao schwarz which reopened for business in new york and las vegas in the fall of 2004 . in the same year d. e. shaw affiliate laminar portfolios acquired the online assets of kb toys which continued operating as etoys.com . 7 in august 2004 d. e. shaw & co. along with mic capital proposed to inject 50m into the bankrupt wci steel . in december 2004 d.e. shaw & co. bought 6.6 % of usg corp a wallboard manufacturer seeking bankruptcy protection as a result of rising asbestos liabilities . 8 in 2006 lawrence summers became managing director at d.e. shaw & co. and left in 2008 receiving 5.2 million in compensation for that period . 9 in late 2009 during the financial crisis it was reported that d.e. shaw & co. had set up a portfolio acquisitions unit the aim of which was to acquire illiquid assets from rival hedge funds . 10 d.e.shaw entered the indian market in 2006 11 with anil chawla then the ceo of ge commercial finance india & south east asia as the country manager . the india operations are headquartered in hyderabad telangana . under anil chawla as the ceo for india d.e.shaw entered into several large private equity deals in the country . this included the setting up of a joint venture company with india s largest private sector company reliance industries 12 to provide financial services ; real estate company dlf assets limited ; publishing group amar ujala publications ; animation company crest communications and renewable energy company soham energy . after stepping down as ceo of d.e.shaw in 2012 anil chawla continued as an advisor to the company until 2014 . in 2007 david shaw sold a 20 % minority stake to lehman brothers as part of a broader strategy to diversify his personal holdings . 13 at the time of its bankruptcy in september 2008 lehman brothers holdings inc. had holdings in d.e. shaw & co. 14 investment strategy edit the company manages a variety of investment funds 15 that make extensive use of quantitative methods and proprietary computational technology to support fundamental research in the management of its investments . 3 16 17 the company also uses qualitative analysis to make private equity investments in technology wind power real estate and financial services firms and in distressed company financing . 18 in addition to its financial businesses d. e. shaw & co. has provided private equity capital to technology related business ventures including juno online services an internet access provider and farsight an online financial services platform that was acquired by merrill lynch . 19 the company has 40 billion in aggregate capital 20 21 and in 2011 had 15.6 billion in hedge fund assets under management and was ranked as the 21st largest hedge fund by institutional investor . 20 22 23 corporate responsibility edit d. e. shaw supports educational programs such as math m addicts teachers are d. e. shaw & co. employees 24 american regions mathematics league 25 worldwide online olympiad training woot united states of america mathematics olympiad and the international mathematics olympiad mathematical olympiad program the mit 6.370 battlecode competition 26 and the center for excellence in education . 27 offices edit hong kong opened 2007 to focus on chinese private equity 28 india largest office with 600 employees after us 28 new york headquarters shanghai 2010 28 tokyo 2010 28 see also edit citadel llc pdt partners two sigma investments references edit doom justin . 2014 02 18 shaw joins kkr buying cleaner energy rivals won t touch . bloomberg . retrieved on 2014 04 04 . mackintoshin james april 30 2007 . de shaw considers new private equity fund . financial times . a b c jones sam 28 september 2010 . de shaw cuts 10 % of workforce . financial times . rebounding from near death world s largest hedge funds have their sights firmly on institutional dollars . institutional investor inc. may 2010 . derivatives strategy february 1998 . inside d. e. shaw . derivatives strategy magazine . archived from the original on 22 october 2013 . retrieved 8 june 2013 . the battle for wall street behind the lines in the struggle that pushed an industry into turmoil richard goldberg pub . john wiley & sons 2009 d.e. shaw affiliate acquires online assets of kb toys multichannelmerchant may 14 2004 . http www.buyandhold.com stockmgr request display.content & contenturl % 2fcustom % 2fbuyandhold com % 2fhtml secfilings.asp % 26 & symbol usg & symb usg & sequenceid 1 & guid 5727891 mckinnon john april 4 2009 . hedge fund paid summers 5.2 million in past year . wall street journal . retrieved 4 april 2009 . jones sam february 8 2010 . de shaw eyes rival firm s distressed holdings . financial times . retrieved 5 december 2013 . hedge fund major to enter india business standard april 26 2006 2006 http timesofindia.indiatimes.com business india business ril de shaw brokerage business to take off this fiscal articleshow 12565396 . cms the times of india april 7 2012 reliance industries limited lehman buys into d.e. shaw the wall street journal march 14 2007 kishan saijel ; keehner jonathan 18 february 2009 . hedge funds pressed to consolidate as losses cut fees . bloomberg . retrieved 5 december 2013 . d.e. shaw & co. website d. e. shaw & co. website computing in science and engineering ism seminar abstract power of six profile of d.e. shaw & co. pdf . alpha magazine . 2009 . rose smith imogen 27 feb 2007 . cracking the code . institutional investor . retrieved 10 august 2011 . a b the 2011 hedge fund 100 ranking . institutional investor inc. may 12 2011 . hedge fund 100 ranking the d. e. shaw group who we are wall street s king quant david shaw s secret formulas pile up money . now he wants a piece of the net . february 5 1996 fortune magazine math m addicts teachers . 21 july 2014 . american regions mathematics league . 1 august 2011 . mit battlecode website . retrieved 1 august 2011 . center for excellence in education . retrieved 1 august 2011 . a b c d jones sam 10 march 2010 . de shaw broadens asian reach . financial times . external links edit d. e. shaw & co. website alpha magazine s profile of d.e. shaw & co. 2009 v t e hedge funds investment strategy arbitrage relative value capital structure arbitrage convertible arbitrage equity market neutral fixed income arbitrage fixed income relative value investing statistical arbitrage volatility arbitrage event driven activist shareholder distressed securities risk arbitrage special situation directional convergence trade commodity trading advisors managed futures account dedicated short global macro long short equity trend following other fund of hedge funds multi manager trading algorithmic trading day trading high frequency trading prime brokerage program trading proprietary trading related terms markets commodities derivatives equity fixed income foreign exchange money markets structured securities misc arbitrage pricing theory assets under management black scholes model greeks finance delta neutral capital asset pricing model alpha beta security characteristic line fundamental analysis hedge securitization short taxation of private equity and hedge funds technical analysis investors vulture funds family offices financial endowments fund of hedge funds high net worth individual institutional investors insurance companies investment banks merchant banks pension funds sovereign wealth funds regulatory fund governance hedge fund standards board alternative investment management companies hedge funds hedge fund managers retrieved from https en.wikipedia.org w index.php title d. e. shaw % 26 co. & oldid 737143123 categories investment management companies of the united stateshedge fund firms in new york cityprivately held companies based in new york cityhidden categories use dmy dates from december 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 1 september 2016 at 00 51 . text is available under the creative commons attribution sharealike license ; 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