Monday, 26 January 2015
Last updated 2 days 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…