Short-Lived Shumway CIO Starts Family Office

Nov 3 2011 | 9:50am ET

Chris Shumway's would-be successor has moved on.

Tom Wilcox, tapped to take over for Shumway as chief investment officer of Shumway Capital, plans to launch a family office. Wilcox's new venture, based, like Shumway, in Connecticut, will be called Cider Mill Investments, HFMWeek reports.

Shumway last year named Wilcox the firm's new CIO as he announced his plans to step down from day-to-day management of the hedge fund. But that news sent investors racing for the doors, and Shumway announced it would return all outside capital in the wake of $3 billion in redemption requests.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note