{"id":9975,"date":"2009-02-25T00:00:00","date_gmt":"2009-02-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"costas-hutchins-said-to-reunite-for-firm-after-failed-ubs-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/costas-hutchins-said-to-reunite-for-firm-after-failed-ubs-fund.html","title":{"rendered":"Costas, Hutchins Said to Reunite For Firm After Failed UBS Fund"},"content":{"rendered":"<p>Bloomberg &#8211;&nbsp;John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG&rsquo;s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. <\/p>\n<p>Costas, 52, took over UBS&rsquo;s investment bank in 2001 and spun off the proprietary trading desk to form Dillon Read in 2005. Zurich-based UBS shut down the unit in May 2007 and said it accounted for $3 billion of the $19 billion in losses the bank reported that year. Hutchins, 53, was president of Dillon Read and previously headed the debt unit of UBS. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601009&#038;sid=amgK1tnF2ztc&#038;refer=bond\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211;&nbsp;John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG&rsquo;s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. Costas, 52, took over UBS&rsquo;s investment bank in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,2733,8195,8199,2237,8196,129,8197,1108,422,105,8198],"class_list":["post-9975","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bloomberg","tag-desk","tag-dillon-read-capital-management","tag-financial-services-firm","tag-investment-bank","tag-john-costas","tag-losses","tag-michael-hutchins","tag-proprietary-trading","tag-ubs","tag-ubs-ag","tag-zurich"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9975"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9975\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}