The Financial Times' Sam Jones has the scoop:
DE
Shaw, one of the world’s largest and most profitable hedge funds, has
closed its doors to new investors as it looks to safeguard returns.
DE Shaw’s Oculus and Heliant funds were closed earlier this year and
the firm’s flagship multi-strategy fund, Composite, was closed at the
end of the summer, according to people familiar with the matter.
Between them the three funds manage most of the firm’s $32bn in client assets.
A spokesperson for DE Shaw declined to comment. In spite of its size,
the firm is one of the most publicity-shy organisations on Wall Street....MORE
Reinsurance/Cat bond blog Artemis points out:
...D.E. Shaw deploys significant capacity in the reinsurance markets,
estimates have suggested over $2 billion in the past, and plays a major
role in the reinsurance and retrocessional reinsurance markets.
Clearly D.E. Shaw sees plenty of opportunity to grow its role in
reinsurance, hence keeping its reinsurance strategy open to new
investors allowing it to increase the amount of business it underwrites....MORE
