A portfolio manager has returned to $42 billion hedge fund firm D.E. Shaw 'at a time of strategic growth'

A portfolio manager has rejoined $42 billion D. E. Shaw, in a role he had previously held.

Patrick Saunders rejoined D. E. Shaw as a healthcare portfolio manager on the firm's long-short stock strategy.

"Pat started his career and really developed his skill sets at the Firm, and we mutually agreed that this was an opportune time to rejoin the team at a time of strategic growth, with an extremely high caliber, collaborative team," Edwin Jager, managing director and Head of Long Short Equities for the D. E. Shaw group, said in a statement.

Saunders had worked at D. E. Shaw until March 2015, when he left for Folger Hill Asset Management, per his LinkedIn page.

D. E. Shaw managed $26 billion at the start of the year in hedge fund assets, according to the HFI Billion Dollar Club ranking. It manages $42 billion firmwide.

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