She is not a household name to many laypersons or retail investors. But maybe she should be.
Dr. Margaret Hamburg is the FDA Commissoner. She is married to Peter Brown who runs a hedge fund called Renaissance Technologies. Guess what?
Renaissance Technologies has $24.8 billion in assets. It's No.15 top investment is Novo Nordisk, a definite competitor of many bio-pharmaceutical companies. The hedge fund has invested .58 percent of its assets in Novo. (.0058 x $24.8 billion = $144 million.)
Peter Brown makes over $5 million per year as head of Renaissance and his salary is directly tied to the performance of the company's investments.