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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of