Sunday, 21 September 2014
Last updated 2 days ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.