When he abruptly announced that Shumway Capital Partners was closing, founder Chris Shumway wrote that he expected new businesses to spawn from his $7 billion behemoth (which grew from just $70 million AUM 8 years ago).
Apparently everyone thinks it’s really bizarre that Chris Shumway has suddenly shut down his huge $8 billion hedge fund, Shumway Capital, especially after it just got a sizable investment from Goldman Sachs.
Chris Shumway’s not the only hedge fund with Tiger ties to be suffering these days. At least two others recently lost key people while a number of others had lousy years in 2010, Institutional Investor reports. Shumway, you may recall, had received $3 billion of redemptions, or 37.5 per cent […]
In November of this year, Tiger cub Chris Shumway announced that he would step down from being the fund’s main portfolio manager.
Chris Shumway is the latest hedge fund manager to give up investing recently, according to AR Alpha.
Chris Shumway, who runs the $9 billion Tiger Cub Shumway Capital made a number of big moves last quarter (including giving up investing).