Second Hedge Fund Demands CoStar Abandon Residential Business — RISMedia

Following on the heels of hedge fund investor Third Point’s recent demand that CoStar Group exit its Homes.com-led residential business entirely, a second hedge fund investor, the New York City-based D.E. Shaw Group, has voiced the same opinion.

Even with CoStar firing back at Third Point, saying its demands reflect “their complete misunderstanding of our…