Tuesday, 1 September 2015
Last updated 30 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…