Tuesday, 29 July 2014
Last updated 6 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.
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…