The D. E. Shaw Group opens Office in DIFC

The D. E. Shaw group, a leading global investment firm, today announced that the Dubai Financial Services Authority (DFSA) has granted D. E. Shaw & Co. MENA, Ltd. a license to operate in the Dubai International Financial Centre (DIFC).

Established in 1988, the D. E. Shaw group has more than 1,600 employees and approximately US$29 billion in investment and committed capital as of July 1, 2009.

The firm has been an active participant in the Middle East and North Africa (MENA) region's public securities markets and, through the establishment of D. E. Shaw & Co. MENA, Ltd., aims to build on its public and private investment activities.