Fund launches & closures

Hutchin Hill and AQR latest to open shop in London as major US hedge fund groups target growth opportunities in Europe

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Hutchin Hill Capital, the US-based multi-strategy hedge fund firm founded by ex-SAC quant head Neill Chriss, and AQR Capital Management outfit are among a new wave of major US groups to set up shop in London in a bid to exploit the growing opportunity set in Europe.

Hutchin Hill, which was launched in July 2008 by Chriss – who was formerly head of SAC’s highly profitable quantitative strategies team – with backing from Jim Simons’ legendary Renaissance Technologies group, has applied to the UK Financial Services Authority to open a London office in the next few months.

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