Saturday, 27 December 2014
Last updated 2 days ago
Nov 3 2011 | 8:20am ET
Hutchin Hill Capital has snapped up the latest Nobel prize in economics winner, even before it knew he had won the award.
New York-based Hutchin Hill told investors in September that New York University's Thomas Sargent had signed on as an adviser to the $1.5 billion firm, The New York Times reports. The following month, Sargent and Princeton University's Christopher Sims were announced as the winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for "their empirical research on cause and effect in the macroeconomy."
Professors Sargent and Sims will formally receive the award next month in Stockholm.
"We believe working with Professor Sargent will be of significant value in developing a deeper understanding of the macroeconomic background that has had such a large impact on risk sentiment and asset prices, especially during the past three years," Hutchin Hill wrote.
Hutchin Hill was founded three-and-a-half years ago by former SAC Capital Advisors manager Neil Chriss. Chriss ran five subfunds for SAC's Multi-Strategy firm until his departure in 2007. Prior to joining SAC, he worked at Goldman Sachs' quantitative strategies group and Morgan Stanley's institutional equities division.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.