Launches & Closures Hedge Funds

Hutchin Hill to close to new investments in 2011


The former SAC quant chief’s fund has been open since May 2010.

After opening his flagship fund for the first time earlier this year, Neil Chriss, founder of Hutchin Hill Capital, will be holding a soft-close in early 2011. Strong returns in 2008 and 2009 led Chriss to open the Hutchin Hill Capital Master Fund for the first time since its inception in May 2010, with a $1 billion target for the then-$400 million fund.

Decent performance and inflows have raised the fund’s assets to $700 million, including an investment of $150 million on October 1. The fund was up 6.16% for the year through October. The fund, which