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UK - Michael Joseph joins DE Shaw

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Michael Joseph has joined DE Shaw, the US investment group, to head up its London-based investment team. Joseph was previously a senior director at Lloyds TSB and LDC.

The appointment follows news that $29bn hedge fund DE Shaw is planning to launch a private equity fund to up its exposure to the asset class. The US-based investment group would be able to lead its own buyouts and may put some of its existing holdings into the fund, thought to be in the region of $1-2bn.
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