Fundraising In Future For SAC Vet Chriss’ Hedge Fund

Mar 3 2010 | 1:32pm ET

A former SAC Capital Advisors money manager is planning to briefly open his hedge fund to outside investors in the second quarter.

Hutchin Hill Capital, founded by Neil Chriss a year-and-a-half ago with $300 million in seed capital from Renaissance Technologies, is expected to remain open for about 12 months. But Chriss will close the fund at about $1 billion, Hedge Fund Alert reports; Hutchin Hill’s Master Fund currently manages about $400 million.

Investors are likely to be impressed by the fund’s early performance. Hutchin Hill rose 13% in the second half of 2008 and another 17% last year. Chriss also brings an impressive track record from SAC, where he managed a big chunk of its Multi-Strategy Fund from 2003 through 2007.

Chriss managed five Multi-Strategy subfunds at SAC, and his approach at New York-based Hutchin Hill is just as multifaceted. The fund combines hedged credit and equities, arbitrage, global macro and event-driven strategies, as well as one-time opportunistic investments.

Hutchin Hill currently boasts a staff of 41, according to HFA. In addition to CEO Chriss, they include principals Seth Padowitz, formerly of HBK Investments, Mark Haas, former global head of prime brokerage at Deutsche Bank and now Hutchin Hill’s chief operating officer, and Gregory Racz, late of Octavian Advisors and now chief legal officer at Hutchin Hill.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.