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

Name: D. E. Shaw Investment Management, L.L.C.
Address: 1166 Avenue Of The Americas, New York, NY, 10036
Telephone: 212-478-0000

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.

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. 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/.