Top Hedge Funds Highlighted: Shumway Capital, Discovery Capital and Argonaut Capital

May 24th, 2010
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In this hedge fund spotlight report, we are showcasing three top hedge fund managers that were recently moved from HedgeTracker’s premium hedge fund directory to its free hedge fund directory. All the hedge fund managers in this week’s report were founded by managers who previously spent time at Julian Robertson’s legendary Tiger Management. Beyond being known as “Tiger Cubs,” this week’s hedge fund managers all had funds that recently made Barron’s 2009 Top 100 Hedge Fund list for their impressive 3-year compounded annual returns. The featured hedge fund managers include Chris Shumway’s Shumway Capital Partners, Robert Citrone’s Discovery Capital and David Gerstenhaber’s Argonaut Capital.

First off is Chris Shumway’s Shumway Capital Partners , which was also #10 on HedgeTracker’s Top Hedge Fund list of 2009. Shumway Capital is one of select hedge fund managers to have more than one of its hedge funds on Barron’s Top 100 Hedge Fund list.

The firm’s multi-strategy focused SCP Sakonnet LP was one of the top hedge funds for the second year in a row. The $700 million hedge fund was ranked #9 on the list after posting a 2009 return of 41.80%, which gives it a 3-year compound annual return of 36.90%. Shumway Capital’s long/short equity focused SCP Ocean LP was #45 on the list with 3-year and 2009 returns of 17.60% and 20.30%. Notably, after seeing overall assets under management eclipse $8 billion, Shumway Capital Partners recently decided to close off a number of its hedge funds to new money.

Next from the Hedge Fund Directory is emerging market multi-asset class hedge fund manager Discovery Capital Management. The firm was founded in 1999 by Robert Citrone and Harry Krensky. Prior to founding the firm, Citrone was a portfolio manager at Fidelity Investments and at Tiger Management, while Krensky was a senior portfolio manager in the investment management group at Deutsche Bank.

Discovery Capital’s flagship Discovery Global Opportunity Fund was #29 on Barron’s list, after securing the #78 spot in 2008. Discovery Global Opportunity, which oversees more than $1.5 billion, posted 3-year and 2009 returns of 20.23% and 64.98%, respectively.

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For Detailed Investor Profiles on these Investors, click below:
Argonaut Capital Management
Blue Ridge Capital
Discovery Capital Management
Shumway Capital Partners
Tiger Management
Related People: Alex Robertson; Andy Burdick; Charly Cui; Chris Shumway; Dan Schwartz; David Gerstenhaber; Harry Krensky; Jarrett B. Posner; John Griffin; John Townsend; Julian Robertson; Kevin Hipp; Marcos Amino; Michael Liu; Robert Citrone; Tom Wilcox
Related Entities: Argonaut Global Equities Partnership LP; Argonaut Global Macro Fund LTD; Argonaut Worldwide Equities Fund LTD; Atlas Capital Management; Discovery Global Citizen’s Fund (DGCF); Discovery Global Opportunity Master Fund Ltd; Tiger Asia; Tiger Consumer; Tiger Global; Tiger Management LLC; Tiger Shark Management; Tiger Veda; Blue Ridge Capital LP; Blue Ridge Offshore LP; Discovery Americas I; Discovery Global Opportunity Fund; Macro Partnership LP; SCP Atlantic; SCP Ocean LP; SCP Sakonnet LP; Shumway Capital Partners LP; Shumway Capital Partners LTD; Shumway Capital Partners Sakonnet; Tiger Fund *; Tiger Jaguar Fund*; Tiger Management Corp; Tiger Management LP; Tiger Puma*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports

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