Stamford Advocate – Chris Shumway, who returned client capital this year from his $8 billion hedge fund, is providing $100 million each to two former employees who are starting their own firms, according to three people familiar with his plans.
Ashwin Vasan, who headed macro trading at Shumway, plans to start the Greenwich-based Trend Capital LLC in August with his former team, said the people, who asked not to be named because the plans aren’t public. The fund will trade stocks, bonds, currencies and commodities based on macroeconomic trends.
