Monday, 22 September 2014
Last updated 8 hours ago
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.
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.