Professor Hutchinson's research is high impact. He is the leading finance academic in Ireland for research funding, being a renowned expert on the combination of finance and technology. He regularly presents his research throughout Europe and the US.
He is the founder and Co-Chair of the Annual FMA Conference on Hedge Funds which has been running in Europe since 2014. Since inception the conference has taken place at Imperial College London Business School, Aspect Capital Limited (an international asset management company) and Judge Business School. It is an extremely selective conference focused on emerging European faculty. Co-Chairs to date have been Franklin Allen, Jennifer Conrad, Mark Mulcahy and Pedro Saffi.
He has been at UCC since 2002 where he is also Co-Director of the Centre for Investment Research. In 2007 Prof Hutchinson founded the Centre for Investment Research with researchers at CASS Business School, DCU and University College Cork (Dr Niall O’Sullivan, School of Economics). This centre focuses on researching mutual funds, hedge funds and trading strategies.
He was appointed Professor at University College Cork in 2013. He currently sits on the curriculum development committee of the CAIA Association in the US and is an external examiner at Judge Business School, University of Cambridge and the Institute of Banking, in Dublin.
Hedge fund performance
Trading strategies
Corporate finance
Asset pricing
Biography
Mark C. Hutchinson is Professor and Chair of Finance at Cork University Business School, University College Cork. His reputation for research excellence has been developed by publishing in journals recognised internationally as publishing the most original and best-executed research. He is known for his ability to collect novel data and provide new insights on investment strategies, through his strong links with the financial services industry. His current research agenda focuses on the intersection of hedge funds, behavioral finance and futures market trading strategies.Professor Hutchinson's research is high impact. He is the leading finance academic in Ireland for research funding, being a renowned expert on the combination of finance and technology. He regularly presents his research throughout Europe and the US.
He is the founder and Co-Chair of the Annual FMA Conference on Hedge Funds which has been running in Europe since 2014. Since inception the conference has taken place at Imperial College London Business School, Aspect Capital Limited (an international asset management company) and Judge Business School. It is an extremely selective conference focused on emerging European faculty. Co-Chairs to date have been Franklin Allen, Jennifer Conrad, Mark Mulcahy and Pedro Saffi.
He has been at UCC since 2002 where he is also Co-Director of the Centre for Investment Research. In 2007 Prof Hutchinson founded the Centre for Investment Research with researchers at CASS Business School, DCU and University College Cork (Dr Niall O’Sullivan, School of Economics). This centre focuses on researching mutual funds, hedge funds and trading strategies.
He was appointed Professor at University College Cork in 2013. He currently sits on the curriculum development committee of the CAIA Association in the US and is an external examiner at Judge Business School, University of Cambridge and the Institute of Banking, in Dublin.
Research Interests
Hedge fund performance
Trading strategies
Corporate finance
Asset pricing
Research Grants
| Project | Funding Body | Start Date | End Date | Award | |
|---|---|---|---|---|---|
| FAFPIN | Irish Research Council | 01-MAR-14 | 12-DEC-14 | €6,000.00 | |
| Trend following Financial Crisis. | Foreign Industry | 01-JUN-13 | 31-DEC-14 | €27,650.00 | |
| Economic states, Market states and Times Series. | Foreign Industry | 01-JUN-14 | 31-DEC-17 | €28,700.00 | |
| Fund Service Ontology-Proof of Concept | Industry | 15-MAY-16 | 31-DEC-17 | €376,366.00 | |
| PhD Scholars Programme | Department of Health | 01-JAN-16 | 30-DEC-19 | €282,654.00 | |
| Enterprise Ireland/IDA, Governance, Risk and Compliance Technology Centre, | Enterprise Ireland | €6,350,000.00 | |||
| IRCHSS "Centre for Investment Research" | Irish Research Council for Humanities and Social Sciences (IRCHSS) | 01-JAN-07 | 30-SEP-10 | €218,773.00 | |
| Commercialisation Fund Proposal. | Enterprise Irl | 27-MAR-11 | 01-JAN-13 | €43,445.00 |
Publications
Peer Reviewed Journals
| Year | Publication | |
|---|---|---|
| (2020) | 'Time series momentum and macroeconomic risk' Hutchinson M.C.;O'Brien J. (2020) 'Time series momentum and macroeconomic risk'. International Review of Financial Analysis, 69 [DOI] [Details] | |
| (2019) | 'Predicting hedge fund performance when fund returns are skewed' Heuson, Andrea J.; Hutchinson, Mark C.; Kumar, Alok (2019) 'Predicting hedge fund performance when fund returns are skewed'. Financial Management, [DOI] [Full Text] [Details] | |
| (2018) | 'FDA approval announcements: attention-grabbing or event-day misspecification?' Nguyen Q.M.N., Hamill P.A., Hutchinson M.C. and Mulcahy M. (2018) 'FDA approval announcements: attention-grabbing or event-day misspecification?'. Economics Letters, [Details] | |
| (2018) | 'Distributed Data and Ontologies: An Integrated Semantic Web Architecture Enabling More Efficient Data Management' Browne, O.; Hutchinson, M.C., Krdzavac, N.; O'Reilly P. (2018) 'Distributed Data and Ontologies: An Integrated Semantic Web Architecture Enabling More Efficient Data Management'. Journal Of The Association For Information Science And Technology, [Details] | |
| (2018) | 'What is the cost of faith? An empirical investigation of Islamic purification' M. Hutchinson, M. Mulcahy and J. O’Brien (2018) 'What is the cost of faith? An empirical investigation of Islamic purification'. Pacific-Basin Finance Journal, [Details] | |
| (2018) | 'Testing futures trading strategy assumptions' Hutchinson, M.C. and O'Brien, J. (2018) 'Testing futures trading strategy assumptions'. The Journal of Alternative Investments, [Details] | |
| (2018) | 'Does Convertible Arbitrage Risk Exposure Vary Through Time?' L. Gallagher, M.C. Hutchinson and J. O’Brien (2018) 'Does Convertible Arbitrage Risk Exposure Vary Through Time?'. Review of Pacific Basin Financial Markets and Policies, [Details] | |
| (2017) | 'Just a One Trick Pony? An Analysis of CTA Risk and Return' J. Foran, M.C. Hutchinson D.F. McCarthy and J. O’Brien (2017) 'Just a One Trick Pony? An Analysis of CTA Risk and Return'. The Journal of Alternative Investments, [Details] | |
| (2016) | 'Pairs trading in the UK equity market: risk and return' Bowen, D. and Hutchinson, M.C. (2016) 'Pairs trading in the UK equity market: risk and return'. European Journal Of Finance, 22 (14):1363-1387 [Details] | |
| (2015) | 'Liquidity Commonality and Pricing in UK Equities' Jason Foran, Mark Hutchinson, Niall O'Sullivan (2015) 'Liquidity Commonality and Pricing in UK Equities'. Research in International Business and Finance, 34 (May) [Full Text] [Details] | |
| (2014) | 'The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data' Foran, J., Hutchinson, M. and O'Sullivan, N. (2014) 'The Asset Pricing Effects of UK Market Liquidity Shocks: Evidence from Tick Data'. International Review of Financial Analysis, 32 :85-94 [Full Text] [Details] | |
| (2014) | 'Is This Time Different? Trend Following and Financial Crises' Hutchinson M.C. and J. O’Brien (2014) 'Is This Time Different? Trend Following and Financial Crises'. The Journal of Alternative Investments, [Details] | |
| (2012) | 'Dedicated Short Bias Hedge Funds: Diversification and Alpha during Financial Crises' Connolly C. and Hutchinson M. C.; (2012) 'Dedicated Short Bias Hedge Funds: Diversification and Alpha during Financial Crises'. The Journal of Alternative Investments, 14 (3):28-41 [Details] | |
| (2010) | 'Convertible Bond Arbitrage: Risk and Return' Hutchinson, MC; Gallagher, L; (2010) 'Convertible Bond Arbitrage: Risk and Return'. Journal of Business Finance and Accounting, 37 (1/2):206-241 [Details] | |
| (2010) | 'High Frequency Pairs Trading: Risk and Return' Bowen, D; Hutchinson, MC; Gallagher, L; (2010) 'High Frequency Pairs Trading: Risk and Return'. Journal of Trading, 5 (3):31-38 [Details] | |
| (2009) | 'Empirical Evidence of the Stock Market's (Mis)Pricing of Customer Satisfaction' O'Sullivan, D. Hutchinson M.C. and O'Connell; (2009) 'Empirical Evidence of the Stock Market's (Mis)Pricing of Customer Satisfaction'. International Journal of Research in Marketing, 26 (2):154-161 [Details] | |
| (2009) | 'Measuring Alpha: The Consequences of Ignoring The Four-Factor Model' O'Sullivan, D. Hutchinson M.C. and O'Connell, V. ; (2009) 'Measuring Alpha: The Consequences of Ignoring The Four-Factor Model'. International Journal of Research in Marketing, 26 (2) [Details] | |
| (2009) | 'Marketing Performance Measurement and Firm Performance: Evidence From the European High Technology Sector' O¿Sullivan, D., Abela, A. and Hutchinson M.C.,; (2009) 'Marketing Performance Measurement and Firm Performance: Evidence From the European High Technology Sector'. European Journal of Marketing, 43 (5/6):843-862 [Details] | |
| (2008) | 'Simulating convertible bond arbitrage portfolios' Hutchinson M.C. and L. Gallagher; (2008) 'Simulating convertible bond arbitrage portfolios'. Applied Financial Economics, 18 (15):1247-1262 [Details] | |
| (2011) | 'Predictability Revisited: UK Equity Returns, 1965 - 2007' D. Bowen, M. Hutchinson and N. O' Sullivan; (2011) 'Predictability Revisited: UK Equity Returns, 1965 - 2007'. Irish Accounting Review, 17 (2):1-20 [Full Text] [Details] | |
| (2010) | 'Empirical Evidence of Lack of Significant Support for Whistleblowing' Buckley, C; Cotter, D; O'Leary, C; Hutchinson, MC; (2010) 'Empirical Evidence of Lack of Significant Support for Whistleblowing'. Corporate Ownership and Control, 7 (3):275-283 [Details] | |
| (2008) | 'A question of balance and vision' Hutchinson, M.C. (2008) 'A question of balance and vision'. Technology Ireland, :4-5 [Details] | |
| (2007) | 'RISK AND RETURN OF MERGER ARBITRAGE IN THE UK 2001 TO 2004. The Irish Accounting Review' Kearney, P.,Hutchinson, M.,Cotter, D.; (2007) 'RISK AND RETURN OF MERGER ARBITRAGE IN THE UK 2001 TO 2004. The Irish Accounting Review'. The Irish Accounting Review, 14 (2) [Details] | |
| (2003) | 'Hedge Funds: An Irish Perspective' Hutchinson M.C.; (2003) 'Hedge Funds: An Irish Perspective'. Irish Journal of Management, 24 (2):*-* [Details] |
Other Journals
| Year | Publication | |
|---|---|---|
| (2006) | 'L-STR Models in Convertible Bond Arbitrage Returns' Hutchinson M. C.; (2006) 'L-STR Models in Convertible Bond Arbitrage Returns' Working paper, * :*-*. [Details] | |
| (2006) | 'A RALS analysis of Convertible Bond Arbitrage Returns' Hutchinson M. C.; (2006) 'A RALS analysis of Convertible Bond Arbitrage Returns' Working paper, * :*-*. [Details] | |
| (2005) | 'Convertible Bond Arbitrage: Evidence on Risk and Return' Hutchinson M.C. Gallagher L.; (2005) 'Convertible Bond Arbitrage: Evidence on Risk and Return' Eurekahedge Monthly, * :*-*. [Details] | |
| (2005) | 'Convertible Arbitrage Performance Measurement' Hutchinson M.C. Gallagher L.; (2005) 'Convertible Arbitrage Performance Measurement' Finance, * :*-*. [Details] |
Conference Publications
| Year | Publication | |
|---|---|---|
| (2008) | Annual Conference of the Irish Academy of Management Buckley, C., Cotter, D. and Hutchinson, M. C.; (2008) Whistle-blowing: the Case of a Large Irish Financial Services Company Annual Conference of the Irish Academy of Management IAM, Dublin, [Details] |
Professional Activities
Conference Contributions
| Year | Publication | |
|---|---|---|
| (2017) | 2016 FMA Annual Meetings, Hutchinson, M.C., Heuson A.J. and A. Kumar (2017) Skewness and Hedge Fund Flows. [Invited Lectures (Conference)], 2016 FMA Annual Meetings, Las Vegas . [Details] | |
| (2016) | 2016 Financial Management Association (FMA) Europe Meetings, Heuson A. Hutchinson M.C. and Kumar A. (2016) Hedge Funds. [Invited Lectures (Conference)], 2016 Financial Management Association (FMA) Europe Meetings, Helsinki . [Details] | |
| (2015) | 2015 Financial Management Association (FMA) US Meetings, O'Brien J. and Hutchinson M.C. (2015) Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)], 2015 Financial Management Association (FMA) US Meetings, Orlando . [Details] | |
| (2015) | Financial Management Association (FMA) Europe Meetings, O'Brien J. and Hutchinson M.C. (2015) Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)], Financial Management Association (FMA) Europe Meetings, Venice . [Details] | |
| (2014) | FMA International, Hutchinson, M.C. and J.J. O'Brien (2014) Annual Conference. [Oral Presentation], FMA International, Nashville, TN, USA . [Details] | |
| (2014) | QuantInvest 2014, Hutchinson, M.C. and J.J. O'Brien (2014) Invited Plenary Lecture. [Plenary Lecture], QuantInvest 2014, London . [Details] | |
| (2014) | Financial Management Association (FMA) Europe Meetings, Hutchinson M.C. and O'Brien J. J. (2014) 'Is This Time Different? Trend Following and Financial Crises. [N/A], Financial Management Association (FMA) Europe Meetings, Maastricht . [Details] | |
| (2013) | FMA Europe Annual Conference, Hutchinson M.C. (2013) FMA Europe Annual Conference. [Oral Presentation], FMA Europe Annual Conference, Luxembourg , 12-JUN-13 - 14-JUN-13. [Details] | |
| (2013) | FMA US Annual Conference, Hutchinson M.C. (2013) FMA US Annual Conference. [Oral Presentation], FMA US Annual Conference, Chicago , 16-OCT-13 - 18-OCT-13. [Details] | |
| (2011) | 2011 Financial Management Association (FMA) Annual Meetings, Hutchinson M.C.; (2011) Co-Author. [Oral Presentation], 2011 Financial Management Association (FMA) Annual Meetings, Denver , 01-JAN-11 - 01-JAN-11. [Details] | |
| (2011) | Financial Management Association (FMA) Europe Meetings, Hutchinson, M.C.; (2011) Co-Author and discussant. [Conference Organising Committee Chairperson], Financial Management Association (FMA) Europe Meetings, Porto , 01-JAN-11 - 01-JAN-11. [Details] | |
| (2010) | French Finance Federation, Hutchinson, M.C.; (2010) Co-Author. [Oral Presentation], French Finance Federation, Saint Malo , 01-JAN-10 - 01-JAN-10. [Details] | |
| (2010) | Eastern Finance Association, Hutchinson, M.C.; (2010) Presenter and discussant. [Oral Presentation], Eastern Finance Association, Miami , 01-JAN-10 - 01-JAN-10. [Details] | |
| (2009) | European Financial Management Symposium `Risk Management in Financial Institutions', Hutchinson, M.C.; (2009) Presenter and discussant. [Oral Presentation], European Financial Management Symposium `Risk Management in Financial Institutions', Nantes , 01-JAN-09 - 01-JAN-09. [Details] | |
| (2008) | Irish Accounting and Finance (IAFA) Annual Meeting (Co-Author), Dr Mark Hutchinson ; (2008) Irish Accounting and Finance (IAFA) Annual Meeting (Co-Author). [Oral Presentation], Irish Accounting and Finance (IAFA) Annual Meeting (Co-Author), Athlone , 01-JAN-08 - 01-JAN-08. [Details] | |
| (2008) | Irish Academy of Management Annual Meeting, (Co-Author), Dr Mark Hutchinson ; (2008) Irish Academy of Management Annual Meeting, (Co-Author). [Oral Presentation], Irish Academy of Management Annual Meeting, (Co-Author), Dublin, , 01-JAN-08 - 01-JAN-08. [Details] | |
| (2008) | Invited Presentation on Convertible Bond Arbitrage, Dr Mark Hutchinson ; (2008) Invited Presentation on Convertible Bond Arbitrage. [Oral Presentation], Invited Presentation on Convertible Bond Arbitrage, UCC Department of Economics , 01-NOV-08 - 01-NOV-08. [Details] | |
| (2007) | Irish Accounting and Finance (IAFA) Annual Meeting (Presenter), Dr Mark Hutchinson ; (2007) Irish Accounting and Finance (IAFA) Annual Meeting (Presenter). [Oral Presentation], Irish Accounting and Finance (IAFA) Annual Meeting (Presenter), Tralee , 01-JAN-07 - 01-JAN-07. [Details] | |
| (2007) | Korean Accounting Association Summer Conference, (Co-Author), Dr Mark Hutchinson ; (2007) Korean Accounting Association Summer Conference, (Co-Author). [Oral Presentation], Korean Accounting Association Summer Conference, (Co-Author), Seoul National University , 01-JAN-07 - 01-JAN-07. [Details] | |
| (2006) | Second Annual Empirical Asset Pricing Retreat, Dr Mark Hutchinson ; (2006) Second Annual Empirical Asset Pricing Retreat. [Oral Presentation], Second Annual Empirical Asset Pricing Retreat, University of Amsterdam , 01-JUN-06 - 01-JUN-06. [Details] | |
| (2006) | European Financial Management Association (EFMA) Annual Conference, Madrid, June 2006, Hutchinson M.C.; (2006) A RALS analysis of Convertible Bond Arbitrage Returns. [Oral Presentation], European Financial Management Association (EFMA) Annual Conference, Madrid, June 2006, Madrid , 26-JUN-06 - 30-JUN-06. [Details] | |
| (2005) | British Accounting Association Doctoral Colloquium,, Dr Mark Hutchinson ; (2005) British Accounting Association Doctoral Colloquium,. [Oral Presentation], British Accounting Association Doctoral Colloquium,, York , 01-JAN-05 - 01-JAN-05. [Details] | |
| (2005) | Irish Accounting and Finance (IAFA) Annual Meeting, (Presenter), Dr Mark Hutchinson ; (2005) Irish Accounting and Finance (IAFA) Annual Meeting, (Presenter). [Oral Presentation], Irish Accounting and Finance (IAFA) Annual Meeting, (Presenter), Limerick , 01-JAN-05 - 01-JAN-05. [Details] | |
| (2005) | Irish Accounting and Finance (IAFA) Annual Meeting (IAFA Scholar Presentation), (Presenter), Dr Mark Hutchinson ; (2005) Irish Accounting and Finance (IAFA) Annual Meeting (IAFA Scholar Presentation), (Presenter). [Oral Presentation], Irish Accounting and Finance (IAFA) Annual Meeting (IAFA Scholar Presentation), (Presenter), Limerick , 01-JAN-05 - 01-JAN-05. [Details] | |
| (2005) | Irish Economic Association (IEA) Annual Meeting, (Presenter), Dr Mark Hutchinson ; (2005) Irish Economic Association (IEA) Annual Meeting, (Presenter). [Oral Presentation], Irish Economic Association (IEA) Annual Meeting, (Presenter), Kilkenny , 01-JAN-05 - 01-JAN-05. [Details] | |
| (2005) | EFMA- Milan, Hutchinson M.C. and Gallagher L.; (2005) Convertible Bond Arbitrage. [Oral Presentation], EFMA- Milan, Milan , 30-JUN-05 - 02-JUL-05. [Details] | |
| (2004) | Quantitative Finance Seminar Series, Dr Mark Hutchinson ; (2004) Quantitative Finance Seminar Series. [Oral Presentation], Quantitative Finance Seminar Series, DCU Business School , 01-APR-04 - 01-APR-04. [Details] | |
| (2009) | Irish Economic Association Annual Meeting, Hutchinson M.C.; (2009) Co-Author (2 papers). [Oral Presentation], Irish Economic Association Annual Meeting, Cork , 01-JAN-09 - 01-JAN-09. [Details] |
Honours and Awards
| Year | Title | Awarding Body | |
|---|---|---|---|
| 2011 | Research Funding EUR140,000 | Enterprise Ireland | |
| 2007 | Research Funding EUR200,000 | IRCHSS | |
| 2005 | IAFA Scholar 2005 | ||
| 2000 | Fulbright Scholar, 2000 | Fulbright Commission |
Professional Associations
| Association | Function | From / To | |
|---|---|---|---|
| Financial Management Association | Track Chair 2014 Annual Conference | 07-NOV-13 / 06-NOV-14 |
Employment
| Employer | Position | From / To | |
|---|---|---|---|
| UCC | Professor of Corporate Finance | 01-JUL-13 / | |
| UCC | Lecturer Finance | 01-SEP-02 / 30-DEC-99 | |
| HSBC Investment Bank | Derivatives Trader | 01-SEP-00 / 01-SEP-02 | |
| HSBC Investment Bank | HSBC Investment Bank | 01-FEB-02 / 01-SEP-02 | |
| HSBC Investment Bank | Trader | 01-AUG-00 / 01-JAN-02 |
Education
| Year | Institution | Qualification | Subject | |
|---|---|---|---|---|
| 2006 | Dublin City University Business School | PhD | PhD Finance | |
| 2000 | UCC, Cork | MSC FINANCE - UCC | MSc Finance | |
| 1999 | UCC, Cork | BSc | BSc Finance |
Journal Activities
| Journal | Role | To / From | |
|---|---|---|---|
| Journal Of Banking And Finance | Referee | - | |
| Irish Journal Of Management | Referee | - | |
| Irish Accounting Review | Referee | - | |
| Financial Management | Referee | - |
Other Activities
| Description | |
|---|---|
Track Chair, Financial Management Association Annual Meetings, 2014 | |
Subject External Examiner, Smurfit Business School, University College Dublin, 2011 – Present | |
External Examiner, Institute of Bankers, 2013 – Present | |
PhD Committee, Accounting, University of Amsterdam, 2013 | |
PhD External Examiner, Finance, University College Dublin, 2012 |
Teaching Activities
Teaching Interests
Current Postgraduate Students
| Student | Degree Type | |
|---|---|---|
| Browne Oliver Samuel | Doctoral Degree |
Modules Taught
| Term (ID)) | Title | Link | Subject | |
|---|---|---|---|---|
| 2021 | Derivatives Valuation | AC4405 | Derivatives Valuation | |
| 2021 | Placement Plan | AC2119 | Placement Plan |