Accounting & Finance
3.17
Department of Accounting, Finance and Information Systems
O'Rahilly Building
University College Cork

T: +353 21 490 2597
E: m.hutchinson@ucc.ie
W: http://www.ucc.ie/en/cir/res/mh/

Mark C. Hutchinson is Professor and Chair of Finance at Cork University Business School, University College Cork. He is currently Head of the Department of Accounting, Finance and Information Systems (AFIS), which is amongst the largest academic departments in the university. AFIS offers BSc Finance, BSc Accounting and BSc Business Information Systems undergraduate degrees and a full suite of postgraduate programmes in Accounting, Finance and Business Information Systems to over 1,000 students.

He has been at UCC since 2002 where he is also Deputy Head of the Business School and 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.

Professor Hutchinson is the leading finance academic in Ireland for research funding, being a leading expert in the combination of finance and technology. He regularly presents his research throughout Europe and the US and has published widely on trading and hedge funds in international academic and practitioner journals.  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 UCD, in Dublin.

Research Interests


Hedge fund performance

Trading strategies

Corporate finance

Asset pricing

Research Grants

 ProjectFunding
Body
Start DateEnd DateAward
FAFPINIrish Research Council01-MAR-1412-DEC-14€6,000.00
Trend following Financial Crisis.Foreign Industry01-JUN-1331-DEC-14€27,650.00
Economic states, Market states and Times Series.Foreign Industry01-JUN-1431-DEC-17€28,700.00
Fund Service Ontology-Proof of ConceptIndustry15-MAY-1631-DEC-17€376,366.00
PhD Scholars ProgrammeDepartment of Health01-JAN-1630-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-0730-SEP-10€218,773.00
Commercialisation Fund Proposal.Enterprise Irl27-MAR-1101-JAN-13€43,445.00

Peer Reviewed Journals

YearPublication
(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) [CORA Link] [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 [CORA Link] [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]
(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 [CORA Link] [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]
(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]
(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]
(2008)'Whistle-Blowing: An Irish Financial Services Case Study'
Buckley, C; Cotter C and Hutchinson M.C, (2008) 'Whistle-Blowing: An Irish Financial Services Case Study'. Accountancy Ireland, 40 (6):22-24 [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) Globe icon [Details]
(2003)'The time is now ripe to invest in gold'
Hutchinson, M.C. (2003) 'The time is now ripe to invest in gold'. Finance, 17 (8) [Details]
(2003)'Hedge Funds: An Irish Perspective'
Hutchinson M.C.; (2003) 'Hedge Funds: An Irish Perspective'. Irish Journal of Management, 24 (2):*-* [Details]
(2003)'Hedge Funds'
Hutchinson, M.C. (2003) 'Hedge Funds'. Accountancy Ireland, 35 (3):25-27 [Details]

Other Journals

YearPublication
(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

YearPublication
(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]

Conference Contributions

YearPublication
(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

 YearTitleAwarding Body
2011Research Funding EUR140,000 Enterprise Ireland
2007Research Funding EUR200,000 IRCHSS
2005IAFA Scholar 2005
2000Fulbright Scholar, 2000 Fulbright Commission

Professional Associations

 AssociationFunctionFrom / To
Financial Management Association Track Chair 2014 Annual Conference07-NOV-13 / 06-NOV-14

Employment

 EmployerPositionFrom / To
UCC Professor of Corporate Finance01-JUL-13 /
UCC Lecturer Finance01-SEP-02 / 30-DEC-99
HSBC Investment Bank Derivatives Trader01-SEP-00 / 01-SEP-02
HSBC Investment Bank HSBC Investment Bank01-FEB-02 / 01-SEP-02
HSBC Investment Bank Trader01-AUG-00 / 01-JAN-02

Education

 YearInstitutionQualificationSubject
2006Dublin City University Business School PhDPhD Finance
2000UCC, Cork MSC FINANCE - UCCMSc Finance
1999UCC, Cork BScBSc Finance

Journal Activities

 JournalRoleTo / From
Journal Of Banking And Finance Referee-
Irish Journal Of Management Referee-
Irish Accounting Review Referee-
Financial Management Referee-

Other Activities

 Description

Coordinator (with Jennifer Conrad), Consortium on Research in Hedge Funds, Trading Strategies & Related Topics December 4, 2014 London, England

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 Interests

Current Postgraduate Students

 StudentDegree Type
O Brien John Joseph Doctoral Degree
Healy Joseph Olan Doctoral Degree

Modules Taught

 Term (ID))TitleLinkSubject
2018Derivatives Valuation AC4405Derivatives Valuation
2018Asset Allocation AC6115Asset Allocation
2018Corporate Financing AC4409Corporate Financing
2018Valuation AC6112Valuation
2018Placement Plan AC2119Placement Plan