Saturday, 28 March 2015
Last updated 15 hours ago
Aug 30 2012 | 11:19am ET
Hutchin Hill Capital doubled its year-to-date returns in July, thanks to the second profitable scandal of the year the hedge fund has taken advantage of.
The New York-based firm rose 0.73% last month, leaving it up 1.5% in 2012. Much of Hutchin Hill’s earlier return could be attributed to its credit-default swap trades against JPMorgan’s huge CDS index bets, the so-called “London whale” scandal. Last month, Hutchin Hill, said it is focusing on the London Interbank Offered Rate, the interest rate at the center of a bank manipulation scandal.
The hedge fund, which is planning a London office, is seeking out irregularities in the calculation of Libor this quarter, ValueWalk reports. It is also seeking out opportunities in the U.S. credit markets this quarter.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…