02/11/2011 Author: Elana Margulies

Former Shumway CIO to start family office

Tom Wilcox, former CIO of the defunct ‘Tiger cub’ Shumway Capital Partners (SCP), is gearing up to start a family office.

According to a source familiar with his plans, the new venture, Cider Mill Investments, will be based in Connecticut, the previous home of Shumway.

Earlier this year, Wilcox was at the heart of Shumway founder Chris Shumway’s decision to restructure the firm’s personnel and return all outside capital by the end of Q1 2011.

In the reshuffle, Wilcox was appointed CIO, while Shumway became CEO. In the role, Wilcox managed the main portfolio in the firm’s $8bn fund, which saw $3bn in investor redemptions.

Wilcox follows Shumway alumnus Paul Hudson who also decided to set up his next venture post-Shumway. HFMWeek previously reported that Hudson started Glade Brook Capital, a global long/short hedge fund manager seeded by SCP.

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