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

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

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

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of