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D. E. Shaw Group approved for private fund management license in China

Wednesday, April 17, 2019
Opalesque Industry Update - The D. E. Shaw group, a global investment and technology development firm, announced today that it has been granted a license to develop and market onshore investment products to investors in China. The Private Securities Investment Fund Manager (PFM) license is issued by the Asset Management Association of China.

The D. E. Shaw group was among the first alternative asset managers to trade Asian markets and has been active in mainland Chinasince the early 2000s. It opened its current Hong Kong office in 2007 and its Shanghai office in 2010.

"The D. E. Shaw group has extensive experience in mainland Chinese markets, and we are honored to receive PFM registration to deepen our presence in China for the long term," said Eddie Fishman, Chief Operating Officer and Executive Committee member, the D. E. Shaw group. "We look forward to working closely with Chinese investors to pursue opportunities in the nation's dynamic capital markets."

The D. E. Shaw group combines rigorous analysis and scientific research with a robust infrastructure built over thirty years, investing across a number of discretionary, systematic, and hybrid strategies.

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