With An Interest In Quantitative Investments, Google's Eric Schmidt Takes Stake in D.E. Shaw

In 2014 rumors were flying that Google, among the world’s most successful technology companies, wanted to take its market heft and leverage it in the financial services realm.  The company recently hired former Morgan Stanley chief financial officer Ruth Porat.  With today’s announcement that Google co-founder Eric Schmidt was making a “passive” investment in D.E. Shaw, the longtime investor in the hedge fund will now potentially be given closer access where he can see operations behind the curtain. Schmidt invests in the $36 billion hedge fund D.E. Shaw Today, D.E. Shaw, a $36 billion hedge fund noted for its quantitative investment…