Hutchin Hill Rises On ‘London Whale’ Trade, Plans London Office

Aug 9 2012 | 1:42pm ET

Hutchin Hill Capital is setting up shop at the site of one of its biggest victories.

The New York-based firm is opening an office in London. Hutchin Hill hopes to be operational in the British capital in six months, pending Financial Services Authority approval, ValueWalk reports.

Hutchin Hill returned 1.73% in the second quarter, erasing its first-half loss and leaving the fund up 0.8% on the year. Some of that gain can be attributed to Hutchin Hill’s credit-default swap trades against JPMorgan Chase’s huge CDS index bets, made by the bank’s trader Bruno Iksil, known as the “London whale.”

Hutchin Hill exited its bets against JPMorgan at the end of June.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note