Shumway restructures, investors allowed to redeem
By Lawrence Delevingne
Tue Nov 16, 2010
Investors can get out penalty free because of Chris Shumway’s transition from CIO to CEO.
Investors in Shumway Capital Partners have until December 3 to
submit redemption requests or else tacitly approve the firm's
announced restructuring, in which founder and Tiger cub Chris
Shumway will step back from his role as chief investment
Shumway has handed his role to former equities head Tom
Wilcox, who will transition to CIO effective January 1, 2011
and will be the funds' sole portfolio manager. Shumway will
continue to serve as the firm's chief executive officer and
chairman of the management committee. The restructuring was
first reported by Bloomberg. The firm, which was founded by
Shumway in 2002,...
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