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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR