The South Carolina Retirement System Investment Commission ("SCRS") today announced that it has awarded a strategic relationship mandate to the D. E. Shaw group. As part of the mandate, SCRS allocated capital to be invested across the D. E. Shaw group's alternative and benchmark-relative strategies.
INFO SOURCES
The D. E. Shaw group
FIRMS
The D. E. Shaw group is a global investment and technology development firm with more than 1,500 employees, approximately $39 billion in assets under management as of July 1, 2008, and offices in North America, Europe, and Asia. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an extraordinarily distinguished staff.
The South Carolina Retirement System Investment Commission, created in 2005, is exclusively responsible for investing and managing the more than $29 billion in assets of the SCRS.
PEOPLE
Bob Borden, CIO of SCRS
Trey Beck, a managing director of D. E. Shaw & Co., L.P. and head of product development and investor relations
INVESTMENT PRODUCTS
Investments include an array of absolute return, direct capital, private equity, real estate, long-only, and 130/30 opportunities.
Supporting Material
