People Moves

Hutchin Hill hires UBS high yield exec


The hedge fund firm expands its credit team with Jeff Cahoon.

   Neil Chriss
Hutchin Hill Capital, Neil Chriss' $1 billion hedge fund firm, is expanding its credit team.

Jeff Cahoon is set to join the multistrategy firm in August as a managing director and head of high yield trading, according to people familiar with the situation. He was an MD and head of high yield credit trading at UBS from August 2009 until last week.

Megan Stinson, a UBS spokeswoman, declined to comment. Jonathan Gasthalter, a spokesman for Hutchin Hill at public relations firm Sard Verbinnen, also declined.

Cahoon's position is new and is