Proof that both hedge funds and the real estate market will weather the economic downturn (and that some hedge funders are good little savers): Tiger cub and hedge fund manager Chris Shumway is reportedly the mystery man who bought the $60 million, huge Southampton mansion, previously believed to have been acquired by Tiger Woods. Given that both Woods and Shumway could be called “Tiger,” it’s easy to see how the truth might have been distorted through telephone-like gossip.
Newsday: Sources tell [Newsday’s] REAL LI [blog] that the new owner of the home is a hedge funder — possibly Chris Shumway, founder of Shumway Capital Partners LLC. Shumway was previously affiliated with the hedge fund company Tiger Management Corp. His late father, DeVan Shumway, was an aide to President Richard Nixon. Shumway could not be reached for comment.
The home is registered to a Delaware limited liability corporation, South Lane Properties LLC. If Shumway is indeed the new owner, his lawyers sure know how to draft an airtight confidentiality agreement, as no one close to the deal is willing to talk.
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