Mixed grill of hedge fund detritus

Anne C. Dinning campaign contributions:

b. The special group for insider trading

On September 25, 2007, the President's Working Group [PWG] on Financial Markets , better known as the Plunge Protection

Team [PPT], announced the formation of two private sector committees, one comprising Asset Managers and the other,Investors.

It is the first one that is more interesting... It is safe to say that whatever the committee's true mission was, its stated one was an unmitigated failure.

For reference purposes, the full committee consists of the following...[list follows with]

Pardon our hypocrisy, but virtually all of these [hedge funds such as D.E. Shaw and the others in the PWG for AM] funds would

have gotten destroyed had Bernanke, the Chairman of the PWG and the President, decided not to intervene. Furthermore, as is well known, the President's

Working Group on Financial Markets has long been not only the front for the elusive Plunge Protection Team, but is an organization this is so wrapped in

secrecy that not even minutes of its meetings are kept as John Crudele of the NY Post found out after his US Treasury FOIA submission.

Yet the Asset Managers Committee seems to be in that gray area where it is not totally consumed by the PWG, and thus it is possible that a

record of its actions may actually not disappear into the void once any market critical decision is made.

Submitted by Tyler Durden, 09/19/2009 via Le Economista Macherto, 9 Sept 2009

c. David Shaw et. al.

Via Alchemy of Financiers blog, entry 10k.48 David Shaw & Co. 7 July 2010. Reproduced here under terms of

Creative Commons License Non-Commercial, No Derivative Works, Attribution CreativeCommons/licenses/by-nc-nd/3.0/us/

Fund: D.E. Shaw

1. Julius Gaudio (credit, converts, special situations)

2. Louis Salkind (PE, VC, Direct capital investments)

3. Anne Dinning (Energy trading, insurance, l/s equity, RE, institutional asst mgmt)

4. Stuart Steckler (Admin, Backoffice, Compliance, Legal)

5. Max Stone (Fixed Income, Macro)

6. Eric Wepsic (Systematic investment activities)

7. David Shaw

Manager Bio: David Shaw

1. Left Columbia in 1986 to join automated prop trading at MS with Nunzio Tartaglia and Greg van Kipnis.

2. Started DE Shaw in Fall 1988, trading in Jun 1989 with $28m in capital

3. David Shaw left day-to-day in 2001-02 to work on research.

Louis Salkind – PhD in compsci and robotics at NYU, hired in 1988

Anne Dinning – PhD in CompSci at Courant joined in 1990

Stu Steckler – Partner in accounting firm, degree from CUNY Queens, joined in 1989

Max Stone – BA magna from Brown in Psych, joined in 1991, “self taught in GAAP”

Julius Gaudio – AB hon Econ from Harvard, joined in 1993, learned C on the job, wrote first convert bond pricing program

Eric Wepsic – AB and AM Math from Harvard, won US Math competition, joined in 1994.

Fund Record:

1. Jan 2009 – $30b Assets, $15b multistrat fund, 1700 people (largest HF mgr by employees)

2. 2001-2008 (7 years): 14.5% CAGR (DE Shaw multistrat fund) vs SnP -0.8%, vs CS/T: 7%.

Fund Investments:

1. Originally – statistical models to identify small short term anomalies

2. Macro fund: futures and fwds on 15 broad asset classes – int rates, fx, commodities

3. Statistical arb, Jap warrant arb, convert bond arb, fixed income arb

4. Set up broker-dealer subsidiary, email provider, and online banking and brokerage firm.

Sources: Mar 2009 Inst Inv Alpha

THREE Political Activity and Donations-in-general

• Campaign fund contributions, see Watch Dog.net: Anne Dinning in 10013 zip code

• Obama Transition Campaign Activity of Anne Dinning profiled by The Public Accountability Initiative, March 2009. Excerpt:

Today, we take a look at ties between the Obama team and D. E. Shaw, which, as reported by the Journal, helped to shape the new TALF, and

presumably other features of the Geithner plan. D.E. Shaw executive Anne Dinning was one of the largest donors to Obama’s transition

team, granting a total of $28,500 to the transition committee...."

• • Sort of seedy web link: Data360 Data_Plot_Id=618

  • Similar topic, less seedy web link: Influence Explorer 2008 D.E. Shaw

  • SUMMARY OF PROPOSED AMENDMENTS TO FORM ADV UNDER THE INVESTMENT ADVISERS ACT OF 1940

COMMENTS ON ELECTRONIC FILING BY INVESTMENT ADVISERS July 27, 2000 S7-10-00

and SEC Spotlight on Hedge Funds 2003-2004. Release No. IA-2711, File No. S7-10-00 2000-2010

was partially coincident with the following, which is probably publicly accessible now. I guess. I just found it and

it wasn't publicly accessible where I found it. But that might be due to my own ineptitude.

Comments on Electronic Filing by Investment Advisers; Proposed Amendments to Form ADV

FR Doc E8-4611 SEC Ruling hidden from public. Only available content was Regulations.gov docket Detail SEC-2008-0396:

Amendments to Form ADV Docket ID: SEC-2008-0396 Agency: SEC RIN: 3235-AI17

Hide Details Type: Rulemaking

[Federal Register: March 14, 2008 (Volume 73, Number 51)] [Proposed Rules] [Page 13957-14027]

From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr14mr08-24]

SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 275 and 279

ACTION: Proposed rule and form amendments.

March 1, 2010

Dinning, Anne Carolyn of D.E. Shaw & Co., LLC

Anne Dinning joined the D.E. Shaw group in 1990, after receiving a Ph.D. in computer science from New York University's Courant Institute of Mathematical Sciences, where she won the Howard Grad Memorial Award for Outstanding Ph.D. Candidate. From 1995 until her retirement in 1998, she was the managing director responsible for the firm's worldwide asset management activities (including the equity and equity-linked strategies and fixed income-related strategies), as well as in 1996 for the management of an international broker dealer business based in London. In December of 1998, Anne Dinning announced that she had decided to leave D.E. Shaw & Company. At the time she was a managing director of proprietary trading activities and one of the closest allies of founder David Shaw. It was reported that Dinning was one of the few top managers who reported directly to David Shaw. In 2002, Anne Dinning rejoined the D.E. Shaw group as a Managing Director. Anne Dinning is quoted about the addition of Anthony Foley as Sr. VP and Head of Quantitative Research of D. E. Shaw Investment Management, L.L.C. (”DESIM”) in July 2005. Anne Dinning is quoted about the addition of Robert Bartkowiak as a Senior Vice President to help direct the sales and marketing effort of its institutional asset management platform in October 2004. A May 2004 article mentions that Anne Dinning and Max Stone are responsible for managing the Oculus Funds of D.E. Shaw. Another 2004 article quotes Anne as a member of Shaw’s Executive Committee. She is listed on the Benefit Committee at 100 Women in Hedge Funds. Anne Dinning’s papers from the early 1990s include “Detecting Non-determinism in Shared Memory Parallel Programs”.

She is a member of the executive committee of D.E. Shaw & Co., L.P. and D.E. Shaw & Co., L.L.C., in which capacity

she jointly supervises the D.E. Shaw group's worldwide asset management business. She serves as chief investment officer of

D.E. Shaw Investment Management, L.L.C and is a member of that entity's executive committee, as well as of the

D.E. Shaw group's private equity and real estate investment committees.

Additional details, though most are not of great interest (some may be repeats from above, my apologies for that):

• Profile from Little Sister website

• Charitable Trust 503(c) referenced in my earlier post Hedge Fund Data

  • The website for the Presidents Working Group, Asset Manager's Committee which contained the findings of the report when it was eventually

  • released, as well as responses and revisions after a period of public review

• Some homely looking photo spreads and vague investment magazine entries during 2009 - 2011 (see below for lurid pics).

• Three computer science scholarship endowments at University of Washington, along with citations for donations of lots of money to

the University of Washington Foundation, one of about 20 directors for the foundation itself.

• Math for America board member

FOUR N.M. FindACase

March 15, 2011 New Mexico Find-a-Case fac.20110304_0000222.DNM

Excerpt:

Lawrence Lane, On Behalf of Himself, and All Others Similarly Situated v. Barbara Page

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW MEXICO March 4, 2011

LAWRENCE LANE, ON BEHALF OF HIMSELF, AND ALL OTHERS SIMILARLY SITUATED, PLAINTIFF, v. ...THE D.E. SHAW GROUP,

D.E. SHAW & CO. L.P., D.E. SHAW REAL ESTATE PORTFOLIOS 1, LLC, ("DESCO REAL ESTATE"), D.E. SHAW & CO., LLC,

D.E. SHAW & CO., INC., D.E. SHAW INVESTMENT GROUP, LLC, D.E. SHAW & CO. II, INC.... ANNE DINNING, ...

MEMORANDUM OPINION AND ORDER THIS MATTER comes before the Court on: ... (iii) the DESCO Defendants' Motion for

Protective Order Prohibiting the Deposition of Anne Dinning, filed January 10, 2011 (Doc. 285).... The Court held a hearing on

February 17, 2011 The primary issues are... (iv) whether the Court should issue a protective order prohibiting the

deposition DESCO senior executive Anne Dinning, because she has limited relevant knowledge about this matter, which is

largely duplicative of other information that Lane has obtained through discovery. For the reasons stated on the record at the hearing...

(iv) the Court denies the DESCO Defendants' Motion for Protective Order Prohibiting the Deposition of Anne Dinning, and,

in accordance with Lane and the DESCO Defendants' agreement at the hearing, Dinning's deposition shall be limited to four

hours, and shall be taken in New York, New York at a location of the DESCO Defendants' counsel's choosing.

The Court must facilitate bringing this case to a resolution. With so many parties and with so many counsel, both current

and former attorneys of record, the Court must enforce discovery deadlines unless there are compelling, good reasons

required by the need to promote justice. Here, the Court sees no sound reasons to extend the deadline... The DESCO

Defendants had approximately four months to get its discovery done, but they waited until the end of the discovery period

to initiate the discovery against Lane, and then made a mistake in the calculation of the time for its notice. The Court,

however, has held a hearing, and everyone was given all the time they wanted and needed to comment on the Dinning deposition dispute.

Accordingly, the Court will deny the motion to strike. The Court does not believe Dinning is an apex employee.

She is a named Defendant and had some involvement in the facts of the case; she is not a non-Defendant and/or a

high-ranking officer who has no knowledge about the facts of the case. She may have limited memory, but Lane is entitled

to test that memory and attempt to refresh that memory. And while what she remembers may be redundant, that is not unusual

in discovery. The Court sees no such reason to preclude the Dinning deposition.

IT IS ORDERED that: (iii) the DESCO Defendants' Motion for Protective Order Prohibiting the Deposition of Anne Dinning,

filed January 10, 2011 (Doc. 285), is denied...

FIVE Academics and Research

In school with Lou Salkind? Yes

Anne Dinning "Detecting Nondeterminism in Shared Memory Parallel Programs," 1990.

Lou Salkind "SAGE: A Real-Time System for Robotic Supervisory Control," 1990.

Entry in Microsoft Scholar

SIX Whatever else from The Past with photos if possible

Via http://nezhmet.wordpress.com/category/chess-players/michael-rohde/ Berlin Germany 1989

The author playing blitz with Joel Benjamin, Berlin Summer Open 1989.

"By this time, the pink tinted glasses were history. I actually had a job on

Wall Street (although I got sacked later in the year for too much nocturnal

polka-ing). From left to right seated we have Matthew Messinger and the author;

I am playing Joel Benjamin in a friendly blitz game in the Hotel Intercontinental

in Berlin, Germany. Standing observing the proceedings is Dr. Anne Dinning

who pretty much was responsible for me losing my day job.

I wrote a small article on this tournament for Chess Life magazine that some of you may remember.

The upshot is that we won more in the casino than the chess tournament."