Friday, 29 August 2014
Last updated 12 hours ago
Mar 21 2012 | 1:52pm ET
Another Shumway cub is ready to launch his own hedge fund. Neil Shah, a former healthcare manager at the late Shumway Capital Partners, has founded March Altus Capital Management and should offer its maiden hedge fund later this month or in April.
Greenwich, Conn.-based March Altus is more than a year in the making; Shah was quickly reported to be planning a firm of his own after Shumway founder Chris Shumway pulled the plug on his firm last February.
While Shah focused on healthcare at Shumway, March Altus' precise strategy is unclear, HFMWeek reports.
Shah was named a member of Shumway's "internal partnership," one of the senior managers tapped to take over for the founder as he stepped away from day-to-day management. That promotion came just months before the firm's end, when investors balked at leaving their money in a Shumway-less Shumway.
March Altus is at least the fourth hedge fund to rise from Shumway's ashes. Last year, Shah's former colleagues, Paul Hudson, David Rodriguez-Fraile and Tom Wilcox, launched Glade Brook Capital, Bluemar Capital Management and Cider Mill Investments, respectively.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...