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 Group is a hedge fund located in Chicago, Illinois, USA. Employing a market-neutral strategy, Alyeska Investment engages in both long and short positions. Established by Anand Parekh in 2008, the hedge fund completed its registration with the Securities and Exchange Commission in 2010. Alyeska Investments stands among the world's largest hedge funds, boasting a substantial portfolio valued at $8.7 billion by the close of the second quarter of this year. To better understand the rationale behind this impressive figure, a brief examination of Alyeska's investment philosophy and clientele is warranted.
Anand Parekh, is also a former member of Ken Griffin's Citadel, and served as the global head of equities for the fund during his tenure. Before joining Citadel, he held a position at the investment bank Deutsche Bank until 2002. At Deutsche Bank, Anand Parekh assumed responsibilities such as heading North American credit and interest rate product restructuring and contributing to risk management at the bank's London branch. A graduate of the University of Michigan with degrees in English and Mathematics, Parekh is recognized for his emphasis on fundamental research in the stock-picking process.
Alyeska Investment Group manages discretionary assets totaling $15.05 billion. According to their latest 13F filing for Q3 2023, the firm holds $14.7 billion in managed 13F securities, with a top 10 holdings concentration of 12.95%.
