10 Best Tech Stocks to Buy According to Anand Parekh's Alyeska Investment
In this piece, we will take a look at the ten best tech stocks to buy according to Anand Parekh's Alyeska Investment.
Alyeska Investment is a hedge fund based out of Chicago, Illinois, the United States. It is headed by Mr. Anand Parekh, who is the firm's chief executive officer and founder. Alyeska follows a market neutral strategy that takes both long and short positions.
Anand Parekh set up his hedge fund in 2008 and its registration with the Securities and Exchange Commission was finalized in 2010. Alyeska Investments is one of the largest hedge funds in the world. By the end of this year's second quarter, its portfolio was worth a whopping $8.7 billion - the reasons behind which become clearer once we take a brief look at Alyeska's investment philosophy and customer base.
Anand Parekh is one of the many hedge fund founders who previously worked at Ken Griffin's Citadel. He worked at Citadel as the fund's global head of equities. Before joining Citadel, the executive also worked at the investment bank Deutsche Bank until 2002. At Deutsche, Anand Parekh worked as the bank's head of North American credit and interest rate product restructuring, and risk management at Deutsche's London branch. The investor is a graduate of the University of Michigan, with degrees in English and Mathematics, and is known for focusing on fundamental research as part of his stock picking process.
