Tuesday, 21 October 2014
Last updated 19 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...