DE Shaw Moves to Close $5 Billion Lithic Fund to New Money

D.E. Shaw & Co. is preparing to close another of its strategies to new money, adding to a wave of hedge funds spurning cash just as investor interest in the...

By Nishant Kumar, Liza Tetley · Bloomberg Markets

D.E. Shaw & Co. is preparing to close another of its strategies to new money, adding to a wave of hedge funds spurning cash just as investor interest in the industry picks up.