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Shumway to return all outside capital: Full Letter
The news comes after a confusing few months in which the firm first tried to alter its management structure and then assured investors that founder Chris Shumway would not be stepping back from overseeing its investments.
Just two months after announcing to clients that he would continue to be actively involved in investment decisions, Chris Shumway announced earlier today that Shumway Capital Partners would return all outside investors' capital. He'll be involved in investment decisions, it's true, just not for his investors. Here is the full
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