Shumway To Hand Off Investment Role At Hedge Fund

Nov 17 2010 | 1:59pm 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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of