DE Shaw quant fund takes hit from markets gone haywire

DE Shaw quant fund takes hit from markets gone haywire

DE Shaw’s priciest, most exclusive hedge fund has lost more than 9 per cent this month, a rare stumble from the New York investment group as the market turmoil disturbed many of the signals the computer-powered vehicle depends on. Valence, the $6bn-in-assets “statistical arbitrage” hedge fund run by DE Shaw, was hit by last week’s […]

Whatever It Takes: How the Fed Aims to Rescue the Economy

Whatever It Takes: How the Fed Aims to Rescue the Economy

The Federal Reserve on Monday pledged to do, in essence, whatever it takes to keep the economy from collapsing under the weight of the coronavirus pandemic.The Fed’s announcement had lots of bureaucratic jargon and an alphabet soup of acronyms. But at its core, the...