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DE Shaw Moves to Close $5 Billion Lithic Fund to New Money (opens original article in a new tab)

TL;DR

DE Shaw & Co. is closing its $5 billion Lithic Fund to new money, part of a trend among hedge funds as investor interest increases.

  • DE Shaw & Co. is closing a $5 billion Lithic Fund to new money.
  • This follows a trend of hedge funds rejecting cash as investor interest in the industry grows.
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