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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...