Strategy of Latest Entrant to the Distressed Investing World, DE Shaw, to be Debated at's Distressed Investing Conference

DE Shaw mobilizes team to buy distressed assets of fund rivals;'s Distressed Investing Leaders Forum 2010 to analyze recent developments in the distressed assets market.

New York, NY, February 17, 2010 --( DE Shaw, the third largest hedge fund, has established an in-house team to look at buying portfolios of distressed assets and is targeting the holdings of rival hedge funds, reports The Financial Times. The DE Shaw Portfolio Acquisitions Unit, launched last year, aims to capitalize on the discounts at which many illiquid assets are still trading, as well as a desire among many investors to cut loose portfolios that have yet to recover after last year's rallies.

The Financial Times expands, "DE Shaw, which has about $28bn (£18bn) under management, was particularly interested in acquiring 'side-pocketed' assets from other hedge funds, according to people familiar with the situation. Side pockets have been a common solution over the past few months for hedge fund managers to carve out distressed parts of portfolios in order to protect returns and performance in their main funds." The wisdom of their strategy will be the subject of discussion and debate among a distinguished cast of distressed investing leaders, practitioners, private equity investors and professional advisors at's Distressed Investing Leaders Forum 2010, February 26th, New York City.

Distressed Investing Leaders Forum 2010 is produced by (, the premier networking community for businessmen, entrepreneurs, professionals and diplomats, founded by former McKinsey consultant Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:

· High-Frequency Trading Happy Hour (, March 1st, 2010, New York City
· Hedge Funds Leaders Forum 2010, "Generating Alpha in Challenging Times" (, March 18th, 2010, New York City
· Banking M&A Leaders Forum 2010, "Have Deal-Making Hit Bottom Yet?" (, March 25th, 2010, Washington DC
· Venture Capital Leaders Forum 2010 (, April 15th, 2010, Boston, MA
· Real Estate Leaders Forum 2010 (, April 22nd, 2010, New York City

Panelists, speakers and sponsors are invited to contact by sending an email to has been frequently featured in the press, including a recent article in The New York Times, " Helps Job Seekers Make Overseas Connections" (

Edgar Perez