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Max Stone is a managing director of D. E. Shaw & Co., L.P. As a member of the Executive Committee of D. E. Shaw & Co., L.P. and D. E. Shaw & Co., L.L.C., Mr. Stone jointly supervises the D. E. Shaw group’s worldwide asset management businesses, with a particular focus on its Discretionary Macro trading unit, which he oversees. He also serves on the D. E. Shaw group’s Risk Committee, which is responsible for firmwide risk management and capital allocation, and oversees the D. E. Shaw group’s Energy and Reinsurance investment units. In addition, Mr. Stone is a member of the Executive Committee of D. E. Shaw Investment Management, L.L.C. (“DESIM”), which manages Active Equity, a suite of systematic, benchmark-relative equity strategies, and Orienteer, DESIM’s global asset class investment platform.

After joining the D. E. Shaw group in 1992, he was involved with the evaluation and implementation of a number of firmwide structural and strategic initiatives, and later oversaw the development and operation of several of the group’s investment strategies. Mr. Stone managed the D. E. Shaw group’s fixed income trading unit from its inception in 1994 until 1998, and was subsequently responsible for all of the group’s investment strategies. He retired in December 2000, after which he served as a part-time consultant to the D. E. Shaw group until January 2003, when he rejoined the group full-time.

Mr. Stone graduated magna cum laude from Brown University in 1991 with a degree in psychology. He is a member of the board of directors of Partners In Health, which helps provide medical care to patients in poor communities around the world.