Published on 17 Jan 2022 on Insider Monkey via Yahoo Finance
10 Healthcare Stocks to Buy According to Billionaire DE Shaw
In this article, we discuss the 10 healthcare stocks to buy according to billionaire DE Shaw based on Q3 holdings of his fund. If you want to skip our detailed analysis of Shaw’s history, investment philosophy, and hedge fund performance, go directly to the 5 Healthcare Stocks to Buy According to Billionaire DE Shaw.
David Elliot Shaw is a wealthy American scientist and hedge fund manager. Shaw received a bachelor's degree summa cum laude from the University of California, San Diego, and a Ph.D. from Stanford University in 1980 before joining Columbia University's computer science department as an assistant professor. Shaw made his fortune by utilizing cutting-edge high-speed computer networks to exploit inefficiencies in financial markets.
D E Shaw is a New York-based worldwide investment management hedge fund created in 1988 by David E. Shaw. It is one of the oldest hedge funds and one of the first to apply complicated mathematical trading algorithms. In 1996, Fortune magazine called the billionaire "King Quant" for his hedge fund’s pioneering role in high-speed quantitative trading.