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Rating:Healey Bids $500MM for a Portion of D.E. Shaw Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 16, 2014

Healey Bids $500MM for a Portion of D.E. Shaw

News summary by MFWire's editors

Sean Healey is hungering for some access to the hedge fund space.

AMG is reportedly near a deal to buy 20 percent of D.E.Shaw, for $500 million, according to the Wall Street Journal, which broke the story on Sunday, as well as Reuters.

AMG was one of six firms invited to bid for the piece in December, according to the Wall Street Journal.

Lehman has owned the 20% stake in the $32 billion hedge shop since 2007, buying into the boutique, known for its quant-trading, for roughly $800 million. Lehman imploded in 2008.

By no means is this AMG's first foray into alternatives. The house of boutiques owns stakes in EIG Global Energy Partners; BlueMountain Capital Management; Pantheon, ValueAct Capital, and AQR Capital Management.  

Edited by: Tommy Fernandez


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