Neil Chris of Hutchin Hill Capital discusses the fiscal cliff, investment strategy, and the outlook for hedge-fund markets. Marc Lasry of Avenue Capital Group also speaks.
Showing posts with label Hutchin Hill Capital. Show all posts
Showing posts with label Hutchin Hill Capital. Show all posts
Thursday, December 6, 2012
Friday, June 29, 2012
Hutchin Hill Quits 'London Whale' Trades
From FinAlt:
Another hedge fund is laying down the harpoon with which it speared JPMorgan Chase.
Hutchin Hill Capital has exited its credit-default swap trades betting against JPMorgan Chase's huge CDS index bets, trades that cost the bank at least $2 billion—although recent reports indicate the loss could be as much as $9 billion. Hutchin Hill is the second hedge fund that jumped on the opportunity offered by JPMorgan's so-called "London Whale," trader Bruno Iksil, known to have closed its positions.
Saba Capital Management was reported to have done so earlier this week.
Another of the hedge funds that profited from JPMorgan's predicament, BlueMountain Capital Management, has been engaged by the bank to help it unwind the disastrous derivatives trades.
Another hedge fund is laying down the harpoon with which it speared JPMorgan Chase.
Hutchin Hill Capital has exited its credit-default swap trades betting against JPMorgan Chase's huge CDS index bets, trades that cost the bank at least $2 billion—although recent reports indicate the loss could be as much as $9 billion. Hutchin Hill is the second hedge fund that jumped on the opportunity offered by JPMorgan's so-called "London Whale," trader Bruno Iksil, known to have closed its positions.
Saba Capital Management was reported to have done so earlier this week.
Another of the hedge funds that profited from JPMorgan's predicament, BlueMountain Capital Management, has been engaged by the bank to help it unwind the disastrous derivatives trades.
Friday, January 6, 2012
Hutchin Hill Capital's 2012 Outlook
Hutchin Hill Capital's 2012 Outlook: CEO Neil Chriss says they will focus on strategies to benefit from volatility
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