Founded in 1988 over a small bookstore in downtown New York City, the D. E. Shaw group began with six employees and $28 million in capital and quickly became a pioneer in computational finance. In the early days of exposed pipes and extension cords, tripping on a cable could take out our whole trading system. Today, the firm has more than 1,200 people around the globe and an institutional-grade (and trip-proof) infrastructure, but we still value creativity, entrepreneurship, and the spirit of discovery.
The firm prizes a culture of collaboration across disciplines, geographies, and investment strategies. Experienced leadership and diversely talented minds chart our course. Analytical rigor, an open exploration of ideas, and a relentless pursuit of excellence drive us forward.
working together to make strategic decisions are
stronger than one.
Return to Executive Committee Members
Max Stone is a managing director of D. E. Shaw & Co., L.P. As a member of the Executive Committee of D. E. Shaw & Co., L.P. and D. E. Shaw & Co., L.L.C., Mr. Stone jointly supervises the D. E. Shaw group's worldwide asset management businesses, with a particular focus on its Discretionary Macro trading unit, which he heads. He also serves on the D. E. Shaw group's Risk Committee, which is responsible for firmwide risk management and capital allocation, and oversees the D. E. Shaw group's Energy and Reinsurance investment units. In addition, Mr. Stone is a member of the Executive Committee of D. E. Shaw Investment Management, L.L.C. ("DESIM"), which manages a suite of systematic, benchmark-relative equity strategies and Orienteer, DESIM's global asset class investment platform. After joining the D. E. Shaw group in 1992, he was involved with the evaluation and implementation of a number of firmwide structural and strategic initiatives, and later oversaw the development and operation of several of the group's systematic trading activities. Mr. Stone managed the D. E. Shaw group's fixed income trading unit from its inception in 1994 until 1998, and was subsequently responsible for all of the group's investment strategies. He retired in December 2000, after which he served as a part-time consultant to the D. E. Shaw group until January 2003, when he rejoined the group full-time. Mr. Stone graduated magna cum laude from Brown University in 1991 with a degree in psychology. He is a member of the board of trustees of the Natural Resources Defense Council, a non-profit environmental action group, in which capacity he also serves on that body's executive committee and chairs its investment committee. Mr. Stone is also a member of the board of the trustees of Partners In Health, which helps provide medical care to patients in poor communities around the world.
Julius Gaudio is a managing director of D. E. Shaw & Co., L.P. and, as a member of the Executive Committee of D. E. Shaw & Co., L.P. and D. E. Shaw & Co., L.L.C., jointly supervises the D. E. Shaw group's worldwide asset management businesses. In addition, Mr. Gaudio is a member of the firm's Risk Committee, which is responsible for firmwide risk management and capital allocation. He joined the D. E. Shaw group in 1993 and has been engaged in the formation, trading, and management of a number of investment strategies operated by the D. E. Shaw group. Mr. Gaudio oversees certain businesses focused on the Asia-Pacific and European regions and is ultimately responsible for the firm's Corporate Credit, Convertible, Asset-Backed Strategies, Long/Short Equities, Special Situations, and U.S. Private Equity investment units. He earned his A.B. in honors economics at Harvard University in 1993, graduating magna cum laude, and was awarded a John Harvard Scholarship for academic distinction, with coursework focusing on international monetary economics. Mr. Gaudio is a member of the board of directors of Acumen, a non-profit organization seeking innovative solutions to the problems of global poverty.
Eric Wepsic is a managing director of D. E. Shaw & Co., L.P. and, as a member of the Executive Committee of D. E. Shaw & Co., L.P. and D. E. Shaw & Co., L.L.C., jointly supervises the D. E. Shaw group's worldwide asset management businesses. He joined the firm in 1994 and is responsible for overseeing much of the firm's systematic alternative investment activities and its global trading and information technology platforms. In addition, Mr. Wepsic serves on the firm's Risk Committee, which is responsible for firmwide risk management and capital allocation, and he has oversight responsibility for the activities of the D. E. Shaw group's Chief Risk Officer and the firm's back-office financial operations. Mr. Wepsic graduated with an A.B. in mathematics from Harvard University in 1992 and earned his A.M. in mathematics from the same institution in 1994. While at Harvard, he was twice a winner of the award granted to the top five scorers in the internationally renowned William Lowell Putnam Mathematical Examination. Mr. Wepsic was also a 1987 gold medalist in the International Mathematics Olympiad. He serves on the board of trustees of the Natural Resources Defense Council, a non-profit environmental action group.
Eddie Fishman is a managing director of D. E. Shaw & Co., L.P., the Chief Operating Officer for the D. E. Shaw group, and a member of the Executive Committee of D. E. Shaw & Co., L.P. and D. E. Shaw & Co., L.L.C., in which capacity he jointly supervises the D. E. Shaw group's worldwide asset management businesses. Mr. Fishman is also a member of the Executive Committee of D. E. Shaw Investment Management, L.L.C. ("DESIM"), which manages a suite of systematic, benchmark-relative equity strategies and Orienteer, DESIM's global asset class investment platform. He has oversight responsibility for several infrastructural and capital-raising functions, including the D. E. Shaw group's human capital, investor relations, legal and compliance, and India-based financial research and information technology activities. Prior to his appointment as Chief Operating Officer in 2010, Mr. Fishman was a senior member of the group's Investor Relations department. Before that, he had management responsibility for a multi-manager portfolio the D. E. Shaw group once advised, and shared responsibility for the operations of D. E. Shaw Research, LLC, which focuses on the early-stage development of technology-oriented ventures. Prior to joining the D. E. Shaw group in 1995, Mr. Fishman served as an equity research analyst at the Spanish investment firm A.B. Asesores, now a unit of Morgan Stanley & Co. Inc. He graduated with honors from Princeton University with a degree in comparative literature. Mr. Fishman holds the Chartered Financial Analyst® designation.
Our firm was founded in 1988
by David E. Shaw.
Read Close Dr. Shaw’s Profile
While Dr. Shaw remains involved in certain higher-level strategic decisions affecting the investment management businesses of the D. E. Shaw group, the firm's day-to-day operations are overseen by the firm's Executive Committee. The vast majority of his time is now devoted to his role as chief scientist of D. E. Shaw Research, LLC, in which capacity he leads an interdisciplinary research group in the field of computational biochemistry and personally engages in hands-on scientific research in that field. He also holds appointments as a Senior Research Fellow at the Center for Computational Biology and Bioinformatics at Columbia University and as an Adjunct Professor of Biochemistry and Molecular Biophysics at Columbia's medical school.
Dr. Shaw received his Ph.D. from Stanford University in 1980 and served on the faculty of the Computer Science Department at Columbia University until 1986, when he left to pursue the emerging field of computational finance. He initiated his work on computational biochemistry in 2001, began building the scientific team at D. E. Shaw Research in 2002, and resumed his affiliation with Columbia in 2005.
Dr. Shaw was appointed to the President’s Council of Advisors on Science and Technology by President Clinton in 1994, and again by President Obama in 2009. He is a two-time winner of the ACM Gordon Bell Prize, and was elected to the American Academy of Arts and Sciences in 2007, to the National Academy of Engineering in 2012, and to the National Academy of Sciences in 2014.
We spend time extensively searching the globe for talented individuals. We invest in those who are able to think creatively, who are relentlessly rational, and who put ego aside in the interest of getting things right. Then we empower them to do their best work in an environment where they are free to express the eclectic parts of their personality.
Employees across 11 offices worldwide
Investment professionals hold Ph.D.s
Languages spoken by our employees
International Math Olympiad medals
Whether they came by way of academia, Silicon Valley, or an NGO, everyone has their own story of how they arrived here, and why they’ve stayed. Listen to their views to learn what it’s like to work at the D. E. Shaw group.
Meet Attila, Quantitative Analyst: “The thing I enjoy the most is that with every single project I’ve worked on I’ve learned something new.”
Meet Daina, Project Manager: “From day one I was encouraged to have a voice and share my thoughts about the research I was generating.”
Meet Nan, Quantitative Analyst: “What I find the most exciting here is that I never get bored of my work. I always get very interesting problems I can keep working on.”
Meet Attila, Quantitative Analyst: “I had always wanted to work on real-world problems that were a mixture of computer science, physics, and mathematics.”
Meet Jay, Counsel: “In a thirty minute conversation, you wouldn’t think you’d get into that much detail, but we did.”
Meet Josh, Quantitative Analyst: “I thought I’d try this out for a year, and fifteen years later I’m still sitting here.”
Meet Nan, Quantitative Analyst: “I didn’t have a good sense of finance, so I was expecting to see people in suits.”
Meet Greg, Trader: “The way we approach problem solving makes it so much more research focused, you feel like you’re almost within an academic institution.”
Meet Marianna, Portfolio Manager: “It’s really exciting to come and help build a business at an institution like this one. There’s so much support from all different parts of the firm.”
Meet Zack, Investor Relations: “What you know coming in is much less important than what you’re willing to learn once you get here.”
Meet Daina, Project Manager: “I think that people here are just fundamentally kind, respectful, collaborative, and fun.”
Meet Greg, Trader: “I found that the employees of the D. E. Shaw group are exceptionally well-rounded; that’s not an adjective I expected to use.”
Meet Jay, Counsel: “We’re comfortable in our nerdiness, and the firm kind of encourages it.”
Meet Nan, Quantitative Analyst: “It’s sort of like a mixture of grad school and a tech company, with a flavor of finance in it.”
Meet Zack, Investor Relations: “My fellow employees are relentlessly rational. At the end of the day, what matters most is that they get things right.”
Meet Marianna, Portfolio Manager: “I think working in this city is the best thing you can do for being in this industry and being a mom, because there’s a huge support network.”
Meet Matthew, Compliance Associate: “Living in NYC has been a fantastic experience for me. It’s a very, very difficult place to get bored living in.”
Meet Josh, Quantitative Analyst: “It’s an opportunity for an intern to really dig in deep, do something pretty meaningful, and it can be a lot of fun.”
Meet Katherine, Recruiter: “Make it your own, ask questions, raise your hand. We want you to have a great experience, and bring your unique skills to the table.”
At the firm’s foundation are five core principles that define our values and guide our decisions. These concepts are part of our DNA.
The quality of our staff is largely responsible for the firm’s success and reputation, and is one of the main reasons that exceptional candidates are interested in joining us.
We were built in part by doing things that others either considered infeasible or simply never thought of. When an extraordinary team sets extraordinarily ambitious goals, “unexpected” breakthroughs are to be expected.
Maintaining the highest possible ethical and legal standards protects our reputation. More importantly, it’s simply the right thing to do.
Our culture reflects a collaborative environment in which many individuals and groups work together. Employees and groups are rewarded for their contributions to the firm as a whole.
We emphasize systematic analysis and clear communication. We take an unusually rigorous and disciplined approach to communication, planning, evaluation, forecasting, and decision-making.
We support a range of communities created by and for our people. These include both communities centered on shared interests, as well as groups formed by employees around shared characteristics to promote inclusion and encourage relationship-building across our firm. You'll find communities and affinity groups organized around everything from sexual orientation to parenthood to technology.
Our Social Impact Forum (SIF) is a grassroots program created and run by staff to give back to our community. SIF organizes volunteering events and sponsors a series of lectures and talks designed to spark conversation and promote engagement. Speakers include leaders and thinkers on topics ranging from global health to education to criminal justice.
We believe in supporting organizations, competitions, and conferences that are educating the next generation of leaders and working to make finance and technology more inclusive.
Organizations we’re currently supporting include:
We’re also committed to purchasing renewable energy credits and verified carbon offsets to neutralize the greenhouse gas emissions that result from our day-to-day business activities. In fact, we’ve been doing so since 2007. We’ve prioritized energy efficiency when planning any new construction or remodeling of facilities, and both our NYC and Hyderabad offices have been built to LEED Gold certification standards.
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