UPDATE: D.E. Shaw

Hedge fund and alternative investment firm D.E. Shaw & Co. has been busy.

Hedge fund and alternative investment firm D.E. Shaw & Co. has been busy. In March the $29 billion New York firm agreed to sell a 20 percent stake in its business to Lehman Brothers -- a significant deal for both parties. For Lehman it means the addition of a top hedge fund to the firm’s stable of alternative investments; for D.E.

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