The CEO of an asset manager of $ 7.8 billion says that his company is investing in three companies that are ready to encourage transformative progress in health care, financial data and AI.
Aureus Asset Management Chief Executive Thad Davis tells Barron’s that his company has piled up in Thermo Fisher Scientific (TMO), in the conviction that the company is able to become the “Amazon-Type” supplier for health care companies.
“It offers all materials, equipment and supplies that a laboratory environment would need. If you ever view the dollies that come in and out of a hospital or biotech building, they are loaded with thermo -fishing equipment.”
The next choice is applied material (Amat), which plays a crucial role in the development of powerful chips in the midst of the explosion of artificial intelligence (AI).
Although NVIDIA is currently leading in the production of chip, Davis says that applied materials is essential in four critical stages of chip production, so that the equipment remains indispensable for the development of chip chip, which stimulates a significant demand in the long term, regardless of which company ultimately dominates the market.
Finally, Davis says that the company is a supporter of S&P Global (SPGI), and notes that it has a dominant position in the credit trailing market alongside Moody’s, which forms an almost duopoly.
In general, Davis also says that Aureus keeps an eye on three investment areas that have the potential to become ‘huge distorters’, including AI, blockchain together with crypto and GLP-1-drug medicines that are designed to treat diabetes and obesity.
“Each taken separately has the ability to deeply disturb different industries. But some together can have the same impact. GLP-1’s and AI can, for example, be amazingly helpful in revolutionizing therapeutic developments.”
Aureus is an asset management company established in Boston for HoognetWoerde individuals, families and institutions.
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