Chris Shumway is the founder and managing partner of Shumway Capital Partners (“SCP”), an investment management firm founded in 2001. By 2011, the fund had more than $8 billion in assets and 95 employees. He converted Shumway Capital into a family office in 2011.
Early Life
He is a graduated Harvard Business School in 1993 and also the University of Virginia McIntire School of Commerce in 1988.
Career
Prior to forming Shumway Capital Partners, Chris Shumway was a senior managing director for Tiger Management, an analyst for Brentwood Associates and an analyst for Morgan Stanley & Co. Chris Shumway is considered one of the Tiger Cubs, who learned investing strategies under Julian Robertson at Tiger Management.
Philanthropy
Shumway and his wife, Carrie, founded The Chris and Carrie Shumway Foundation in 2007 and have placed their focus on alleviating poverty through education. They donated $25 million to the University of Virginia‘s McIntire School of Commerce in 2018 and $25 million in 2020 to Harvard Business School and Harvard’s Department of Stem Cell and Regenerative Biology .
The Chris & Carrie Shumway Foundation utilizes a model of funding for non-profit organizations similar to the one that SCP uses in its public market investing. Through performing intensive due diligence on potential grant recipients, the Foundation succeeds to target organizations that have high impact and high “ROOs” (Return on Outcomes).
With its mission of creating self-sufficiency, the Foundation seeks to help people in obtaining the tools and that will enable them to contribute to and succeed in society. The Foundation works to encourage empowerment and create role models in the household and community. The Foundation’s mandate also involves training future philanthropic leaders through the active participation of its board members.
In addition, Chris Shumway is a member of the boards of the Bruce Museum (CT), the Tiger Foundation (NY), and the McIntire School of Commerce Foundation (University of Virginia), and Fairfield County (CT) Teach for America.