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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

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

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

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