Hutchin Hill Rises On Libor Bet

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of