Sunday, 24 May 2015
Last updated 1 day ago
May 24 2011 | 1:40pm ET
The first of what are likely to be several successors to the recently-shuttered Shumway Capital Partners is in business.
Shumway veteran Paul Hudson has launched Glade Brook Capital, HFMWeek reports. Hudson was not one of the five former portfolio managers at the once-$8 billion hedge fund identified in February by Hedge Fund Alert as likely to launch their own funds.
It is unclear what strategy Glade Brook will employ or what its initial assets are, although HFMWeek reports that Hudson's former boss, Chris Shumway, might be seeding the fund. What is clear is that the new firm includes Paul Barron, formerly controller of Shumway and now Glade Brook's CFO.
Shumway, a Tiger Management veteran, decided in February to close his eponymous hedge fund, which is still being liquidated. The move followed massive redemptions in the wake of Shumway's November decision to step back from day-to-day management of the firm.
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…