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Money managers under the microscope

What it looked like before it was over: Level Global and Shumway Capital 13-F analysis

February 15, 2011

Portfoliographics Hedge funds Level Global Investors and Shumway Capital have recently announced plans to shut their doors and liquidate their portfolios by March 31.  Of course each fund is shutting for very different reasons: After its offices were raided last year, David Ganek’s $3 billion fund Level Global found the insider trading investigation too distracting, and Chris Shumway’s plan to transfer the chief investment role of his $9 billion fund to a colleague didn’t exactly work out. They do have something in common though.  Goldman Sachs’ Petershill fund, which takes stakes in hedge funds, was an equity investor in both funds and it is unclear what the value of those equity stakes will be at the end each fund’s liquidation.

If you have ever wondered what Rome was like before it fell, here’s your chance to see what Ganek and Shumway were trading at the end of last year. The charts below are based on Thomson Reuters’ analysis of their Dec. 31, 2010 13-F filings, which were filed with the U.S. Securities and Exchange Commission yesterday.  Their positions are probably insanely different right now, but it was nice while it lasted….

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