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Nishant Kumar reports that a new wave of hedge funds is choosing to refuse further cash investments, even as investors are looking to commit more funds. DE Shaw's main hedge funds have been closed to new capital for some time, and the firm is now considering closing its Lithic fund as well, which manages more than $5 billion.
Interest in hedge fund capacity has been rising as industry assets expand. Recently, Balyasny grew its assets under management to $36 billion and hired a Goldman partner for a senior post, according to Nishant Kumar. Elsewhere, an ExodusPoint-backed firm raised $1 billion for a double-leveraged macro fund and neared closure to new capital inflows, his prior reporting shows.