Fund launches & closures Hedge Funds

Former SAC quant chief Neil Chriss finally opens his fund to outside capital

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Hutchin Hill, founded by the former SAC Capital Advisors quant chief, has produced two years of impressive returns.

After posting strong returns in 2008 and 2009, Hutchin Hill Capital, founded by former SAC Capital Advisors quant chief Neil Chriss in late 2007, is marketing to outside investors for the first time since launching. The fund, Hutchin Multi-Strategy, launched in July 2008 with $300 million from the Meritage Fund, Renaissance Technologies founder Jim Simons’ $7 billion family office, which also manages money for several Renaissance Technologies partners.

Once he launched the firm, Chriss immediately closed Hutchin Hill to outside investors. The firm manages $400 million and is hoping to reach $1 billion, according to a source close to