Thursday, May 17, 2007

DE Shaw increase stake in financial service. Short Apple U.S.

The hedge fund manager increased its financial holdings 1.7 percent. The firm almost doubled its stake in Ameriprise, the brokerage firm spun off from American Express Co., to 4.95 million shares as of March 31. Shaw also boosted ownership in Archstone-Smith Trust, the second-largest U.S. apartment real estate investment trust, and AMR Corp.