The D. E. Shaw Group is raising money for a new fund.
The hedge fund giant disclosed in a regulatory filing that it’s in the process of launching the D. E. Shaw Diopter Fund. This will be a private, credit-focused niche fund that will primarily pursue investments related to synthetic securitizations, which are banking securitized products designed to free up regulatory capital for the lending institutions, according to a source familiar with the offering.
The
