Wednesday, 6 May 2015
Last updated 1 hour ago
Nov 17 2010 | 12:59pm ET
Shumway Capital founder and namesake Chris Shumway is reducing his day-to-day role at the Greenwich, Conn.-based hedge fund.
Shumway will give up his title as chief investment officer and step away from daily investment decision making, Bloomberg News and AR magazine report. The handover of those responsibilities to Tom Wilcox will be completed in January.
In light of the news, the hedge fund has given its investors more time—until Dec. 3—to file redemption requests.
Shumway, a veteran of Julian Robertson's Tiger Management, will become CEO of the $9 billion hedge fund. He founded Shumway Capital in 2002.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…