Sign in Sign up for free

D. E. Shaw Investment Management, L.L.C. (New York)


D. E. Shaw Investment Management, L.L.C. is a large advisory firm based in New York. It manages $25.59 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Logo

D. E. Shaw Investment Management, L.L.C provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

D. E. Shaw Investment Management, L.L.C: assets under management

The assets under management (AUM) of D. E. Shaw Investment Management, L.L.C. is $25.59 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 539% since the beginning of its operation, and $1.5 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $25.59 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $914.02 million each.
D. E. Shaw Investment Management, L.L.C has custody of $8.75 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D. E. Shaw Investment Management, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients D. E. Shaw Investment Management, L.L.C serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of D. E. Shaw Investment Management, L.L.C is pooled investment vehicles with 17 clients and $16.81 billion of assets under management. Among the 9 most similar advisory firms, D. E. Shaw Investment Management, L.L.C has the 5th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $22.66 billion for 24 clients. 11% of the firm’s clients are foreign persons or businesses.

D. E. Shaw Investment Management, L.L.C also advises several private funds. Namely, fourteen hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at D. E. Shaw Investment Management, L.L.C.

The company employs 24 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Anthony Joseph Foley has served as the Chief Investment Officer since 1 Apr 2009. Ruvim Yefim Breydo joined the executive team most recently as the Executive Committee Member, Co Chief Investment Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Rochelle Assael Elias Chief compliance officer 1 Feb 2002 Other 724288
L.P. D. E. Shaw & Co. Managing member 1 Feb 2005 75% - 100% 108679
D E Shaw & Co Lp Managing member 1 Feb 2005 75% - 100% 108679
Anne Carolyn Dinning Chief investment officer, managing director 1 Jun 2005 Other 2078654
Andrew Ellingson Beck Managing director 1 Jun 2005 Other 2367616
Stuart Steckler Managing director 1 Jun 2005 Other 2022720
Anthony Joseph Foley Chief investment officer 1 Apr 2009 Other 5008916
Nathan Clark Thomas Chief compliance officer, managing director 1 Jun 2011 Other 4521563
Anthony Joseph Foley Chief investment officer, managing director 1 Jan 2012 Other 5008916
Christopher M Zaback Chief financial officer, managing director 1 Jul 2012 Other 4048333
Christopher Martin Zaback Chief financial officer, managing director 1 Jul 2012 Other 4048333
Philip Damian Kearns Managing director 1 Apr 2013 Other 2487199
Philip Damian Kearns Chief investment officer, managing director 1 Sep 2016 Other 2487199
Maximilian Dana Stone Managing director 1 Mar 2017 Other 2246217
Edward Laurence Fishman Managing director 1 Mar 2018 Other 2656095
Alexis Anne Halaby Managing director 1 Mar 2018 Other 4719650
Ruvim Yefim Breydo Executive committee member, co-chief investment officer 1 Feb 2019 Other 2638313

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
David Elliot Shaw Sole stockholder, chairman, and president 1 Nov 1992 75% - 100% 1557735
Inc. D. E. Shaw & Co. General partner 1 Nov 1992 Other 13-3839469
David Elliot Shaw Limited partner 1 Jan 1993 50% - 75% 1557735

Based in New York

The principal office where D. E. Shaw Investment Management, L.L.C. performs its advisory services is located at 1166 Avenue Of The Americas, New York, NY 10036, which is also the mailing address of the firm. An additional office of the firm is in Wellesley, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-478-0000 or by fax 212-478-0100. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at deshaw.com/.


Registered investment advisers similar to D. E. Shaw Investment Management, L.L.C.