Dillon Read CIO Prepping Hedge Fund

May 5 2008 | 12:27pm ET

The first top executive from defunct UBS hedge fund Dillon Read Capital Management has resurfaced with his own hedge fund shop.

Mike Hutchins, who served as chief investment officer at Dillon Read, has founded a hedge fund called BlueHawk, Financial News reports. The new firm reportedly employs some 15 Dillon Read veterans.

UBS shuttered Dillon Read a year ago—just over a year after it set the group up in an effort to hold on to investment banking CEO John Costas—after it posted US$150 million in subprime-linked losses. Costas left UBS late last year.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note