The D. E. Shaw Group Awarded Advisory Mandate by Vanguard | Business Wire

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The D. E. Shaw Group Awarded Advisory Mandate by Vanguard

D. E. Shaw Investment Management to Manage One Third of Vanguard Growth and Income Fund

NEW YORK--(BUSINESS WIRE)--The D. E. Shaw group announced today that The Vanguard Group (“Vanguard”) has awarded the D. E. Shaw group’s institutional asset management business, D. E. Shaw Investment Management, L.L.C. (“DESIM”), a mandate to assume investment advisory responsibilities for a portion of Vanguard’s $4.3 billion Growth and Income Fund.

“We are pleased to welcome a recognized leader in quantitative investing—the D. E. Shaw group—to our roster of distinguished investment advisers”

Vanguard’s Growth and Income Fund is a U.S. equity mutual fund that was launched in 1986 and provides broad exposure to a diverse group of large U.S. companies. The fund will now employ three advisers, each of which will use computer models to select a diversified group of stocks that, as a whole, have investment characteristics similar to those of the S&P 500 Index but seek to provide a higher total return than that of the index. In DESIM’s investment process, stock price forecasts generated by quantitative models, as well as estimates of various risks and costs, are considered in constructing a portfolio with the highest expected risk-adjusted return relative to the fund’s benchmark.

“We are pleased to partner with Vanguard and look forward to serving their valued shareholders,” said Anne Dinning, a member of the Executive Committee of the D. E. Shaw group. “D. E. Shaw Investment Management has always focused on generating uncorrelated excess returns through a sophisticated, quantitative investment approach, and we believe that Vanguard’s selection of the firm for this mandate is a testament to our experienced team and strong track record.”

“I look forward to leveraging our team’s experience and the D. E. Shaw group’s investment approach as an investment adviser for Vanguard’s Growth and Income Fund,” said Tony Foley, chief investment officer of DESIM.

The D. E. Shaw group, a global firm with approximately $21 billion in investment capital, has successfully managed long-only equity mandates for more than a decade. An entity in the D. E. Shaw group, DESIM was formed in 2005 and, including this new advisory mandate, currently manages more than $6 billion in investment capital.

“We are pleased to welcome a recognized leader in quantitative investing—the D. E. Shaw group—to our roster of distinguished investment advisers,” said Vanguard CEO Bill McNabb. Vanguard employs 30 investment advisory firms from around the world to oversee actively managed products.

Disclaimer: Past performance should not be considered indicative of future performance.

About the D. E. Shaw group

The D. E. Shaw group is a global investment and technology development firm with more than 1,200 employees; approximately $21 billion in investment capital as of September 1, 2011; and offices in North America, Europe, the Middle East, and Asia. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an extraordinarily distinguished staff.

About D. E. Shaw Investment Management

D. E. Shaw Investment Management, L.L.C. applies the D. E. Shaw group’s quantitative models and computational techniques, based on the group’s twenty-two years of experience in managing alternative investment strategies, to construct long-only and “130/30” benchmark-relative equity strategies for public and private pension plans, endowments, foundations, and private wealth management firms.

About Vanguard

Vanguard, headquartered in Valley Forge, Pennsylvania, is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $1.6 trillion in U.S. mutual fund assets and offers more than 170 funds to U.S. investors and more than 60 additional funds in non-U.S. markets.

Contacts

For The D. E. Shaw group:
RLM Finsbury
David Millar, 646-805-2009
Dave.Millar@RLMFinsbury.com
or
For The Vanguard Group:
The Vanguard Group
John S. Woerth, 610-669-6224
John_S_Woerth@vanguard.com

SHAW CAPITAL MANAGEMENT - Cochrane Shaw

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As a Principal Member of the Financial Planning Association of Australia, Cochrane Shaw Capital Management Pty Ltd is a boutique dealer providing financial services to a diverse range of individual clients and corporations as well as accounting firms and legal practices. New Clients Section: Contains general service information. Latest News Articles: Frequently updated helpful news resources.

How can Cochrane Shaw help you?   Frequently Asked Questions   [23 Apr 2008] Who do you represent? Cochrane Shaw is part of the Dealer Group Incito Group and the Australian Financial Services Licence number ...   ... more >>   Latest News Articles No documents are currently available.

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Mitsubishi Corp. subsidiaries have been given suspension by the Japanese government in the wake of overcharging issues.

The contract bidding suspension came after the Ministry of Defense became alert that Mitsubishi has overcharged various government agencies in their cost of expenses.

Further details about the incident were not publicized and the company is still assessing the potential impact this ban will have on their company and their affiliates.

Mitsubishi Electric Corp has announced that their business subsidiaries and an affiliate company have all got a notice this week from the Ministry of Defense of Japan. The notice states their suspension from participating in government biddings.

After it was revealed on January that Mitsubishi has overcharged the ministry along with the JAXA (Japan Aerospace Exploration Agency and the Cabinet Satellite Intelligence Center, subsidiaries of Taiyo Musen, an equity affiliate and Mitsubishi Electric (which includes Mitsubishi Space Software, TOKKI Systems Corporation and Mitsubishi Precision) the involved firms have informed the MOD about the overcharges only today.

Through internal investigation, it was discovered that they have also charged more for the ministry by altering records of work across various orders.

The impact of this incident on Mitsubishi’s consolidated market performance still remains uncertain but the firm plans to announce what the public should be alert of as soon as the condition is understood better.

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Shaw Capital Management: Megaupload Users Stand to Lose their Data

February 13, 2012 | Author Shaw Capital Management Factoring and Financings

A bit of good news for the users of the embattled Megaupload: files will be preserved for another 2 weeks at least as Shaw Capital Managementdeem them important in defending their case against the charges of piracy and fraud. They also added that millions of users have stored important personal data on their site, such as documents and family photos.

Megaupload was seized last week after its founder, Kim Dotcom, was arrested for money laundering and piracy in New Zealand. United States is planning to extradite him along with 3 other defendants.

Meanwhile, two outside storage firms — Cogent Communications Group and Carpathia Hosting — have agreed to preserve the data while Megaupload is working with US prosecutors to form a compromise for their users.

The agreement will also raise a question on how to determine which user files are fraud, legitimate, or pirated.

Carpathia has already announced that users should not come to them asking for files — call Megaupload instead. According to them, they do not have access to the content of Megaupload servers and they are not capable of retrieving anything for the users.

Megaupload has more than 50 million users registered on their site, the most popular file-sharing site worldwide. And since the site has been shut down this month, users were banned access to their data. It was even reported earlier that data deletion will start last week.

Meanwhile, Megaupload users are gearing up to file a complaint against the FBI due to the mass wipeout of the site’s files last week. It was reported that Pirate Parties worldwide are going to come up with a list of people who will participate in the filing of a joint complaint against the FBI.

Megaupload is a file-sharing website based in Hong Kong. Most users use their services to store files that are too big for email messages to contain. Although their business model is not really illegal, Shaw Capital Management suspects that most of the files traded on Megaupload violate their copyright laws. They earn profit through charging premium users a subscription fee for faster download.

US officials have said they have jurisdiction over them because several of its leased servers are located in Virginia.

  

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Shaw Capital Management and Financing offers asset based lending for companies that need to maximize their borrowing capacity using accounts receivable and inventory as collateral. Receivable based financing combined with inventory finance has become a useful tool for many undercapitalized businesses. Shaw Capital Management and Financing evaluate a client's business assets as its primary focus to establish the borrowing base. The result is usually far greater borrowing power than can be achieved from a traditional cash flow banking approach due to our expertise in industry specialization.

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Shaw Capital Management and Financing offer higher advance rates due to our experience in receivable valuation. In the event where the client already has a bank line of credit, an Inter-creditor agreement is made between the bank and Shaw Capital Management and Financing where the receivables are assigned to Shaw Capital Management and Financing and therefore allows the client to borrow at higher advance rates.

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As a Principal Member of the Financial Planning Association of Australia, Cochrane Shaw Capital Management Pty Ltd is a boutique dealer providing financial services to a diverse range of individual clients and corporations as well as accounting firms and legal practices. New Clients Section: Contains general service information. Latest News Articles: Frequently updated helpful news resources.     How can Cochrane Shaw help you?   Frequently Asked Questions   [23 Apr 2008] Who do you represent? Cochrane Shaw is part of the Dealer Group Incito Group and the Australian Financial Services Licence number ...   ... more >>   Latest News Articles No documents are currently available.

Federal Reimbursement Expert Ruben J. King-Shaw, Jr. Joins Lucid’s Board of Directors - Citybizlist New York

a leader in FDA-approved noninvasive cellular imaging, today announced that Ruben J. King-Shaw, Jr. was appointed to the Company's Board of Directors on December 14, 2010. Mr. King-Shaw brings to Lucid a wealth of experience in medical reimbursement and healthcare services
He currently serves on Medicare's Program Advisory and Oversight Commission, which advises the Obama administration on effective value-based procurement strategies for healthcare reform. He also is Chief Executive Officer of Mansa Equity Partners, Inc., a private equity and investment advisory firm specializing in supporting the growth of healthcare companies.
"My background allows me to identify companies with innovative technologies that can redefine the standard of care and ensure savings to the U.S. healthcare system. Lucid's VivaScope and VivaNet products have the potential to do both," said Mr. King-Shaw. "Lucid's VivaScopes provide a noninvasive, painless and accurate way to reduce the cost of early skin cancer detection by allowing clinicians to distinguish benign from malignant lesions at the point and time of care. In the United States alone, about $2.2 billion is spent each year biopsying and diagnosing suspicious skin lesions that are determined to be benign."
Mr. King-Shaw has extensive experience in healthcare policy, economics and finance. He served as Chief Operating Officer and Deputy Administrator of the Centers for Medicare and Medicaid Services from 2001 through 2003, and prior to that was Secretary of the Florida Agency for Health Care Administration. In 2002 President Bush named King-Shaw to the President's New Freedom Commission on Mental Health, and in 2005 New York Governor George Pataki appointed King-Shaw to the Commission on Health Care Facilities in the 21st Century.
"Ruben brings with him extensive experience in Federal reimbursement policies and procedures that is directly relevant to Lucid," said William Shea, Chairman of the Board of Directors at Lucid. "Specifically, since reimbursement is a key factor in driving adoption of a new medical technology, Ruben's experience and Washington, DC relationships will be important assets to Lucid as the Company moves forward in rolling out its VivaScopes and the VivaNet System."
"Ruben is a results-oriented executive who knows what drives adoption of new medical technology by participants in the U.S. healthcare system," said Jay Eastman, Chief Executive Officer of Lucid. "Lucid, which is established as a leader in accurate, noninvasive assessment and diagnosis of skin cancer, will benefit from Ruben's knowledge as our team moves rapidly to drive adoption of our VivaNet platform. We are delighted that he has recognized Lucid's commercial potential and agreed to join our Board of Directors."