Sources say D.E. Shaw provides access to its biggest investor, Blackstone, to select funds not made widely available to the greater investor base.
"You've seen the maturation of the business push hedge funds and alternative investment managers to segment their investors," said Jonathan Doolan, principal at Deloitte's Casey Quirk, speaking about hedge funds in general.
"The largest clients might be serviced by the head of the firm, and the smallest will meet with IR," he said. While many investors have to travel to the hedge fund to meet, for the biggest investors, portfolio managers will go to them, he said. A source familiar with the firm's thinking said that when the firm launched the fund, all investors were notified in a conference call and by writing, and that various external investors have been in the fund. The source said the fund is currently at capacity and closed to new investors.
In funds with other investors, Blackstone pays the same fees as everyone else, sources say. However, D.E. Shaw created one fund specifically for the private equity giant in 2010, known as Composite Graphic, which is a version of the firm's popular Composite strategy without the most illiquid investments in the fund's portfolio.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hoping to assuage investors, Newmont offers special dividend if Goldcorp deal approvedNewmont Mining Corp will pay a special dividend of 88 cents in an effort to soot...
Baca lebih lajut »
Cramer: Market action shows investors are taking a 'leap of taste'Jim Cramer says all of the rising on the market is not justified, but investors have some breathing room.
Baca lebih lajut »
EPA head says clean-water access is 'biggest environmental threat' -- despite regulation rollbacksEPA Administrator Andrew Wheeler said access to clean drinking water worldwide is 'the biggest environmental threat,' while climate change threats are '50 to 75 years out,' in an interview with CBS
Baca lebih lajut »
Analysts say investors should avoid shares of a $36-billion, widely used Chinese tech firmAnalysts are urging investors to stay away from shares of Chinese tech firm Meituan Dianping, with the company's stock in the doldrums since it listed last September.
Baca lebih lajut »
Disney's deal for Fox will be successful if it persuades investors to value it like NetflixBob Iger's $71 billion bet on Fox is all about getting investors to value Disney more like Netflix.
Baca lebih lajut »
Investors who believe the market's gotten too calm right now could use these ETFs to hedgeThe Cboe Volatility Index, or the VIX, hit its lowest level since October on Tuesday, but periods of calm like this don't last for long.
Baca lebih lajut »
Wall Street set for muted open as investors await Fed outlookWall Street's main indexes were set to eke out gains at open on Wednesday, ...
Baca lebih lajut »
Investors Fret Over Fed Rate Path Amid Mixed DataThe Federal Reserve is widely expected to keep interest rates steady at the conclusion of Wednesday’s meeting, but analysts are worried that some investors are over-anticipating a dovish policy stance from the central bank.
Baca lebih lajut »
Stocks edge lower as investors await Fed decisionStocks edge slightly lower as investors await the conclusion of the Federal Reserve’s two-day policy meeting Wednesday afternoon.
Baca lebih lajut »