Effective Date: July 10, 2026
Thank you for visiting the D. E. Shaw Research website and for viewing this online privacy statement (the “Privacy Statement”). This Privacy Statement serves to give you notice about the types of personal information we collect, how we use it, and who we share it with and why. We describe those matters in detail below. We encourage you to read this Privacy Statement carefully.
The effective date on the Privacy Statement above indicates the date on which this Privacy Statement was last updated. The English language version of this Privacy Statement is the controlling version regardless of any translation you may attempt.
Please note that use of our website is also governed by our Terms and Conditions of Use (the “Terms of Use”), which contain a class action waiver and mandatory arbitration clause governing all privacy-related complaints and disputes except those falling under the Competent Data Protection Authority (defined in Section 12). We encourage you to read the Terms of Use carefully.
You can use the links below to navigate to areas of this Privacy Statement that apply specifically to you or that may otherwise be of interest:
This Privacy Statement is an important document that explains how we address some of our legal obligations, and your related legal rights, involving personal information. We’ll use this section to let you know about some words that have special meanings whenever you see them in this Privacy Statement. When we reference “this Privacy Statement,” we mean the Privacy Statement you are reading now. Wherever we say “we,” “us,” or “our,” we mean D. E. Shaw Research, LLC. We use the words “you” and “your” to mean each individual user accessing and using our website who is, in all cases, over the age of 18. This age requirement is discussed in more detail later in this Privacy Statement here.
When we talk about our “website,” we mean our website found at deshawresearch.com and its subdomains, except where a separate privacy statement is applicable to the subdomain, and such other sites or resources as we may make available from time to time and that contain a link to this Privacy Statement.
Finally, when we refer to “personal information,” we mean any information, data, or data element that, alone or in combination with other elements, can be used to distinguish, trace, or discover your identity. Certain data privacy laws include specific data elements or defined terms for what they consider to be personal information (sometimes also referred to as “personal data”). Where such data privacy laws apply, then the term “personal information” includes those specific data elements and defined terms as required by such laws.
Our website collects personal information from visitors to, and users of, our website. We may also receive personal information from those who interact with ads and content we display on third-party sites. This Privacy Statement applies to our processing and sharing of personal information collected by any of those means. If we have legal obligations to other categories of data subjects, such as our employees, supply chain or business partners, or vendors, we provide them with separate legally required notices or other terms in confidential contracts, policies, and other similar documents.
For job applicants who may use our Careers Page (as defined in our Terms of Use) this Privacy Statement applies to you only in your capacity as a general visitor to our website. Once you apply to become a candidate for a position with us, you will be provided with certain separate Candidate Notices and Disclosures (as defined in our Terms of Use) that apply to you in your capacity as a candidate.
We may collect and otherwise obtain your personal information in the following ways: (a) via our website when you choose to give it to us by voluntary submission; (b) via our website through automatic collection by technical means when you visit or use our website; and (c) when it is provided to us by external sources such as social-media companies or companies that provide services on our behalf who, in each case, may have previously and separately collected elements of your personal information without our involvement and then shared it with us as part of a service for which we engaged that source.
Your use of our website is strictly your choice. If you prefer that we not receive the above-described voluntarily submitted personal information, please don’t submit it. This means you shouldn’t participate in the applicable activities on, or use the applicable features available from, our website. By not participating in features that require voluntary submission of personal information, you may limit your ability to take full advantage of our website, but most of the content will still be available to you.
When you visit or use our website, basic information about your internet/electronic activity is automatically collected through your browser and through the systems used to operate and secure our website. We may also engage in automatic collection through other systems used to support and secure our website. At the most basic level, we use content-delivery-network and cloud-hosting providers that receive your Internet Protocol (IP) address and other standard request data, including information about your device. In addition, we use cookies and other tracking technologies, which we describe in greater detail here. Those tools and/or cookies may collect some information about your preferences for using our website or your past actions, such as:
If you access our website from a phone or other mobile device, the mobile-services provider may transmit to us certain information such as uniquely identifiable mobile device information. That, in turn, may allow us to collect mobile phone numbers and associate them with the mobile device identification information, despite that we have no intention to engage in such practices. Some mobile-phone-service providers also operate systems that pinpoint the physical location of devices, and we may inadvertently receive this geolocation data as well.
We may work with companies who provide us with data, including personal information, so that we can tailor our services to audiences who have the most interest. These third-party companies may collect information with their own cookies, pixels, and related tracking technology and then provide that information to us. We are not responsible for their data-collection practices.
Further, we maintain a presence on one or more external social-media platforms such as LinkedIn, X, Bluesky, and Threads. Our website may contain connections or links to such social-media platforms or other websites or applications controlled by third parties. We are not responsible for either the content on, or the privacy practices of, social-media platforms or any third-party sites or applications to which we link or otherwise connect to. Those applications, sites, and platforms are not controlled by us and therefore have their own privacy policies and terms and conditions of use. To be clear: neither this Privacy Statement nor our Terms of Use apply to our external social-media presence or any third-party sites or apps to which we may link or connect. That means even if you take an action on or with respect to our external social-media presence, and identifiers about you are automatically collected and given to us as a result, that collection and transfer is governed by the privacy policies and other terms of the applicable social-media platform and are not our responsibility.
If you have questions about how those apps, sites, and platforms collect and use personal information, you should carefully read their privacy policies and contact them using the information they provide. In addition, certain coalitions of advertisers allow consumers to opt out of receiving interest-based advertising from members of those coalitions. You can visit the Digital Advertising Alliance and Network Advertising Initiative to opt out of receiving interest-based advertising from members of these coalitions. You will need to exercise these opt-outs on each browser on each device for which you wish to opt out of interest-based advertising.
The categories of personal information we have collected from visitors and users of our website in the previous 12 months, and may collect from you, are as follows:
We do not intend to collect from visitors to our website “sensitive personal information” or “sensitive data” as these terms are defined by applicable law. We may collect deidentified data derived from the categories of personal information described in this Privacy Statement. This data does not identify you in any way. We will not reidentify, or attempt to reidentify, any deidentified information that we collect as described in this Privacy Statement. The terms of this Section may not apply to job applicants who apply through our Careers Page as described more fully in Section 3 of this Privacy Statement.
We use the personal information we collect only in the manner and through the means allowed by applicable law. That means we determine whether we have a lawful basis/legitimate business purpose to use your personal information before doing so. As stated in applicable law, such lawful bases/legitimate business purposes include receiving express consent, operating our business, performing a contract, and complying with a legal obligation.
Generally speaking, we use personal information for the following business purposes:
We do not sell, and within the last 12 months have not sold, personal information to third parties.
We will store and retain your personal information in accordance with applicable law. The criteria used to determine the retention periods include:
We may share the categories of personal information described in this Privacy Statement with the following categories of third parties for the business purposes described below:
Certain browsers and plug-ins allow users to send signals such as Do Not Track (“DNT”) or Global Privacy Control (“GPC”). While we do not respond to DNT signals, we do honor GPC signals as a valid request to opt out of the sale or sharing of your personal information where required by applicable law. When we receive a GPC signal, we will process it in the same manner as a “Decline All” action on the assent banner presented to users when they first visit our site. As such we will not display the banner to users who have sent us GPC opt out signals. Please note that this opt out mechanism applies only to the specific browser or device on which the signal is sent, and you may need to adjust your settings on each browser or device you use.
A “cookie” is a small text file that is placed onto your device when you access a website or application. Cookies help websites remember information about your visit, which can both make it easier to visit the website again and make the site more useful to you. Other tracking technologies including, without limitation, embedded scripts, web pixels, web tags, web storage, web beacons, and identifiers associated with your app or device operate in a similar manner to cookies and are used for similar purposes. We refer to all of these technologies as “cookies.”
When you visit our website for the first time, we will ask for your permission to place non-essential cookies on your device. Depending on your choices, both D. E. Shaw Research and our trusted third parties may place cookies on your device. Cookies placed by D. E. Shaw Research are considered “first‑party cookies”, whereas cookies placed by our partners or on their behalf are considered “third‑party cookies.”
Cookies can be either temporary or non-temporary as follows:
The following types of cookies are used on our website:
When you first visit our website, we provide you with the opportunity to opt out of analytics cookies. We are not able to allow you to opt out of strictly necessary/essential cookies because, as described above, they are necessary for the technical functioning of our website. If you accepted our use of non-essential cookies on your first visit and later change your mind, you can navigate away from our website, clear your browser’s cookies and/or site data, and then revisit our site clicking “Decline All” in the banner that will be re-presented. You also can learn more about how to opt out of Google Analytics via their site by going to https://tools.google.com/dlpage/gaoptout.
U.S. federal law imposes special restrictions and obligations on commercial website operators who direct their sites toward, and collect and use information from, children under the age of 13. We take those age-related requirements very seriously and, consistent with them, do not intend for our website to be used by children under the age of 18, and certainly not by anyone under the age of 13. Moreover, we do not knowingly collect personal information from minors under the age of 18. If we become aware that anyone under the age of 18 has submitted personal information to us via our website, we will delete that information and not use it for any purpose whatsoever. If you are a college student under the age of 18 who submits an application to our college intern or similar program, you must obtain parental consent where required by local law prior to submitting such application.
If we are using your personal information to send you marketing materials, such as emails, regardless of where you live or whether you are protected by a Comprehensive Data Privacy Law (defined below), you may elect to unsubscribe and no longer receive those specific messages by following the instructions in the email. When we receive your request, we will take reasonable steps to remove your name from our distribution lists, but it may take time to do so. You may still receive materials for a period of time after you unsubscribe.
Privacy and data protection laws vary around the world and among the individual United States. Our obligations arising under the majority of the world’s privacy laws, including U.S. federal and most state laws, are satisfied by individual risk assessments that we conduct to ensure we act reasonably and responsibly when processing your personal information. In some jurisdictions, however, privacy laws grant you, the data subject, certain specific rights regarding your personal information. We refer to these types of privacy laws as “Comprehensive Privacy Laws.” Examples of Comprehensive Privacy Laws include the respective versions of the General Data Protection Regulation adopted in the European Economic Area and the United Kingdom (collectively, “GDPR”) and California Consumer Privacy Act of 2018 as amended by the California Privacy Rights Act (collectively, “CCPA”).
Whether and how a particular Comprehensive Privacy Law applies to us involves a complex assessment of factors such as the degree to which we direct our business at the residents of a particular jurisdiction and the volumes of personal information we collect from that jurisdiction. For purposes of this section, the words “you” and “your” mean only those data subjects protected by the Comprehensive Data Privacy Laws we currently, or may later, determine apply to us (“Applicable Comprehensive Privacy Laws”). Questions about how the Comprehensive Privacy Laws of jurisdictions other than the foregoing might apply to us can be directed to us as detailed in Section 14.
You have the following rights under Applicable Comprehensive Privacy Laws. It’s important to us that you know that if you exercise these rights, we will not discriminate against you by treating you differently from other data subjects who use our website but do not exercise their rights.
In order for you or an agent you may designate to exercise any of the above rights, please contact us at privacy@deshawresearch.com or (212) 849-0880. We will confirm our receipt in the time frames prescribed by Applicable Comprehensive Privacy Laws. We may, however, be prevented from acting on your request because Applicable Comprehensive Privacy Laws only allow us to act if we can verify your identity and/or your agent’s authority to make the request. So you will also need to follow our instructions in this regard, which may include asking you to fill out a request form. The identity verification steps we use may vary depending on the sensitivity of the information and whether you have an account with us. If we are unable to verify your identity, we may deny your requests to know or delete. In addition, Applicable Comprehensive Privacy Laws place limits on how often you can exercise your right to know. We will advise you if you exceed these limits and explain to you what they are.
We reserve the right to change or update this Privacy Statement from time to time. Please check our website periodically for such changes since all information collected is subject to the Privacy Statement in place at the time of collection. We will indicate the effective/amendment date at the beginning of this Privacy Statement.
If you have questions about this Privacy Statement or our privacy practices, please contact us at privacy@deshawresearch.com.