D. E. Shaw Direct Capital, L.L.C. (New York)

D. E. Shaw Direct Capital, L.L.C. is a mid-sized advisory firm based in New York. It manages $89.13 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2010.

D. E. Shaw Direct Capital, L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

D. E. Shaw Direct Capital, L.L.C: assets under management

The assets under management (AUM) of D. E. Shaw Direct Capital, L.L.C. is $89.13 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -91% since the beginning of its operation, and $366 of the total AUM is attributable to clients outside of the United States.

The firm manages $89.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.71 million each.

D. E. Shaw Direct Capital, L.L.C has custody of $82.81 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay D. E. Shaw Direct Capital, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients D. E. Shaw Direct Capital, L.L.C serves?

The only and largest group of clients of D. E. Shaw Direct Capital, L.L.C is pooled investment vehicles with 3 clients and $89.13 million of assets under management. Among the 7 most similar advisory firms, D. E. Shaw Direct Capital, L.L.C has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $89.13 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

D. E. Shaw Direct Capital, L.L.C also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at D. E. Shaw Direct Capital, L.L.C.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
L.P. D. E. Shaw & Co.	Managing member	1 Apr 2008	75% - 100%	108679
D E Shaw & Co Lp	Managing member	1 Apr 2008	75% - 100%	108679
Rochelle Assael Elias	Chief compliance officer	1 Apr 2008	Other	724288
Louis Ken Salkind	Managing director	1 Jul 2008	Other	1926517
Daniel Eric Posner	Managing director	1 Jul 2008	Other	2977659
Robert Thomsen Ladd	President and managing director	1 Jul 2008	Other	4393225
Nathan Clark Thomas	Chief compliance officer, managing director	1 Jun 2011	Other	4521563
Julius Ralph Gaudio	Managing director	1 Sep 2014	Other	2406744
Julius Ralph Gaudio	Managing director	1 Oct 2014	Other	2406744

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Elliot Shaw	Sole stockholder, chairman, and president	1 Nov 1992	75% - 100%	1557735
Inc. D. E. Shaw & Co.	General partner	1 Nov 1992	Other	13-3839469
David Elliot Shaw	Limited partner	1 Jan 1993	50% - 75%	1557735

Based in New York

The principal office where D. E. Shaw Direct Capital, L.L.C. performs its advisory services is located at 1166 Avenue Of The Americas, New York, NY 10036, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-478-0000 or by fax 212-478-0100. The normal business hours are 9am - 5pm on Monday - Friday.