News
Google News: Hutchin Hill Launches Credit Hedge Fund
[FINalternatives] - One of the hedge funds that harpooned JPMorgan Chase's "London Whale" has launched a credit hedge fund. Hutchin Hill Capital rolled out its Liquid Credit Strategy this month with $100 million from a British pension fund. The new fund employs the same
Morning Take-Out
dealbook.nytimes.com
[New York Times (blog)] a New York-based hedge fund that manages $1.2 billion, has launched a new fund that concentrates on long/short credit trading, a successful strategy for the firm as demonstrated by its betting against JPMorgan Chase's 'London Whale' with credit
Google News: CFTC offers concession on overseas swaps
[Financial Times] - Under the new guidance, if JPMorgan Chase's London branch enters into a derivatives deal with a Goldman Sachs affiliate in London, the transaction could be governed by local rules with the CFTC's blessing. The five-man commission voted unanimously to
Google News: Saba Exits Trades That Profited From JPMorgan's Pain
[FINalternatives] - One of the hedge funds that harpooned JPMorgan Chase's London Whale has exited the trades that turned it a big profit and saddled the bank with a huge loss. Saba Capital Management has closed the credit-default swap index trades it opened after
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