D.E. Shaw’s Humans are Losing Money

A group of traders at the firm D.E. Shaw, one of the most successful quantitative investment funds, has “struggled to make money in 2018,” according to an article in The Wall Street Journal. According to a spokesman for the firm, its long-short equities group has produced annualized returns of 40% (exclusive of client fees) since January 2013, but the article reports that as of mid-October of this year the group’s losses reached about $100 million.… Read More