D.E. Shaw to Close $5 Billion Lithic Fund to New Investors
D.E. Shaw & Co. is reportedly preparing to cease accepting new investments into its $5 billion Lithic Fund. This decision aligns with a broader industry trend where hedge funds are declining new capital, even as investor interest in the sector grows. The firm's move adds to a wave of strategies being closed to new money.
D.E. Shaw & Co. is set to close its $5 billion Lithic Fund to new money. This action represents another instance of the firm's strategies being closed to new investments.
The decision by D.E. Shaw contributes to an emerging trend within the hedge fund industry. Several hedge funds are reportedly turning away new cash inflows.
This trend is occurring despite an observed increase in overall investor interest in the hedge fund sector.
(Source: Bloomberg Markets)
