D.E. Shaw Group Approved for Private Fund Management License in China

(Opalesque) 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.

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