Shumway Seeds Two Protégés' Hedge Funds With $200M

May 27 2011 | 12:04pm ET

Tiger Management veteran Chris Shumway is following in his old boss' footsteps with a pair of seed investments in hedge funds founded by former managers at his Shumway Capital Partners.

Shumway has seeded Glade Brook Capital Partners and Trend Capital with $100 million each, Bloomberg News reports. The two funds, to launch later this year, are among a half-dozen or so new hedge funds expected to be born of Shumway's decision in February to close his once-$8 billion hedge fund.

Trend Capital is the brainchild of former Shumway head macro trader Ashwin Vasan. The macro fund should launch in August.

Glade Brook was founded by former stock manager Paul Hudson and will launch in October.

Both funds are based in Greenwich, Conn., and both Vasan and Hudson have hired their former teams at Shumway.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note