Hedge Funds

Shumway makes equity play


Chris Shumway, former senior managing director at Tiger Fund Management, is getting set to launch an equity-only fund similar to the fund it has been running since 2002. The Greenwich-based firm has been managing a long/short equity and global macro fund and is now looking to carve out the equity portion which has performed well over the past year and a half. They plan to offer it in a second fund to investors who like what the first fund does, but do not want the macro bets.

Shumway Capital's first fund is three-quarters equity with the rest going to