Tuesday, 25 November 2014
Last updated 2 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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