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]
Morgan Stanley Suggests Paulson And Co 'Advantage' Investors Pull Their Money And Run
They were willing to 'em a chance, but no more.