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This $73 Billion Hedge Fund Is Buying Memory, Drugstores, and Telecom

The Motley Fool – The latest 13F season is commencing, when many money managers issue mandatory reports on their holdings. It can be worthwhile to pay attention, as you might get an investment idea or two by seeing what some major investors have been buying and selling.

For example, consider D. E. Shaw. Founded by David E. Shaw, it has a reportable stock portfolio totaling $73.3 billion in value as of Dec. 31, 2013. Shaw is known as a math wizard and a quantitative-investing pioneer. His firm is reportedly extremely selective when hiring, said to accept about one in 500 applicants — Amazon.com CEO Jeff Bezos once made the cut.

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