Hutchin Hill Beaches The London Whale, Now Buys CDS on MS and BAC
Hutchin Hill, an alternative asset manager gained recent fame from its trades against JPMorgan Chase & Co. (NYSE:JPM) "London Whale." The fund has some interesting new positions according to people familiar with the matter.
Hutchin Hill was founded in July 2008. The fund has about $1.16 billion in assets under management and follows a diversified strategy. Since inception the flagship hedge fund fund has returned more than 37%. In 2011 the fund lost 4.92% of its value, but so far . . .
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