DE Shaw joins short positions to long strategy

DE Shaw, a New York-based hedge fund, has joined the ranks of hedge funds and traditional fund managers launching long-term investment funds that are also able to take short positions.

These funds are known in the industry as 130/30 strategies. This means they commit 130% of their capital to long positions and 30% to short positions, resulting in an overall market exposure of 100%, the same level of exposure as long-only funds.

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