Fund launches & closures Hedge Funds

Shumway tech chief Naveen Choudary preps Eastwind Global Partners

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New TMT firm is latest Shumway spinout.

Naveen Choudary, who was the managing director in charge of technology investing at Shumway Capital Partners, is prepping a global long/short equity fund to invest in technology, media and telecommunications companies.

Eastwind Global Partners plans to launch in the fourth quarter and hopes to expand to other industries after an initial focus on TMT. Choudary, who will serve as chief investment officer of Eastwind, joined Shumway in 2006. He left this February when Shumway announced that it would return capital to investors. Ren Grady, the former head of business development at Williams Trading, a hedge fund trade