Mr. Shumway founded Shumway Capital in 2001, a global investment firm focused on private equity style research in public markets that grew from $70 million to over $9 billion in assets. From 2002 to 2011, the firm significantly outperformed the S&P 500, generating substantial investor profits. During this period, the firm was recognized multiple times by Barron’s as a top industry performer and was known for its capital preservation during major market declines.
In 2011, Mr. Shumway converted Shumway Capital into a family office to allow for a more flexible investing mandate focused on long-term, opportunistic investments in private and public securities. Since 2011, Mr. Shumway has overseen investments in numerous industries, including media, technology, telecom, healthcare, and consumer. In addition, Mr. Shumway and the Shumway Capital team provide operational and strategic advice to management teams and company boards to enhance long-term value creation.
Prior to founding Shumway Capital, Mr. Shumway worked at Tiger Management, where he became a Senior Managing Director and Management Committee Member at age 30. Mr. Shumway is a graduate of the University of Virginia and Harvard Business School and serves on the board of the UVA McIntire School of Commerce Foundation.
Mr. Shumway is a long-time supporter of and advocate for a range of charitable causes. As a strong proponent of education reform, he established The Shumway Foundation, with the primary goal of helping to break the cycle of poverty through better opportunities in education. The Shumway Foundation also actively supports other results-based charitable organizations.