Thursday, 5 March 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…