Shumway Capital

  • News

    Shumway Capital Investors Can Take Their Money And Run

    Absolute Return reports that Shumway Capital Partners will be allowed to submit redemption requests until December 3, due to a restructuring that will see founder/Tiger Cub Chris Shumway handing over the role of CIO to Tom Wilcox (Shumway will become CEO). The $8 billion firm’s flagship, SCP Atlantic, was down 3.55% through Septemeber. [AR]

    / Nov 16, 2010 at 4:06 PM
  • Hedge Funds, News

    Boaz Weinstein Kills it in May . . .

    May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent. Don’t tell that to Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.

    / Jun 10, 2010 at 10:46 AM
  • News

    Eddie Lampert Takes 15 Percent Beating This Month

    Last week, we told you about certain Tiger Cubs that were having a rough go of it this month. Today, we get some updated numbers thanks to Hedge Fund Alert. Eddie Lampert is taking a beating, off 15 percent this month.

    / May 26, 2010 at 2:39 PM
  • News

    May Proving to Be a Tough Month for Tiger Cubs

    Following a “disappointing” first-quarter, an investor in Andreas Halvorsen’s Viking Global Investors tells us the firm’s main fund is down 5 percent for the month. It appears the departure David Ott, Viking’s co-founder and CIO, is not helping matters.

    / May 19, 2010 at 2:46 PM
  • News

    Shumway Capital Sells Stake To Goldman

    From Katherine Burton: Chris Shumway sold an 8 percent stake in his hedge-fund firm to a leveraged-buyout fund run by Goldman Sachs Group Inc., according to a letter sent to investors today. Shumway Capital Partners LLC will use proceeds from the sale to help finance a partnership to include senior executives of the Greenwich, Connecticut-based […]

    / Jan 5, 2010 at 4:15 PM

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