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Prof. Mark Hutchinson

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Biography

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 Deputy Head of the Business School and Co-Director of the . 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 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 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 performanceTrading strategiesCorporate financeAsset pricing

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Research Projects

  • FAFPIN (Irish Research Council) €6,000.00 (01-MAR-14 / 12-DEC-14)
  • Trend following Financial Crisis. (Foreign Industry) €27,650.00 (01-JUN-13 / 31-DEC-14)
  • Economic states, Market states and Times Series. (Foreign Industry) €28,700.00 (01-JUN-14 / 31-DEC-17)
  • Fund Service Ontology-Proof of Concept (Industry) €376,366.00 (15-MAY-16 / 31-DEC-17)
  • PhD Scholars Programme (Department of Health) €282,654.00 (01-JAN-16 / 30-DEC-19)
  • 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)) €218,773.00 (01-JAN-07 / 30-SEP-10)
  • Commercialisation Fund Proposal. (Enterprise Irl) €43,445.00 (27-MAR-11 / 01-JAN-13)
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Affiliations

  • Track Chair 2014 Annual Conference, Financial Management Association (07-NOV-13 / 06-NOV-14)
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Modules

  • Derivatives Valuation
  • Placement Plan
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Journal Activities

  • Referee, Journal Of Banking And Finance (-)
  • Referee, Irish Journal Of Management (-)
  • Referee, Irish Accounting Review (-)
  • Referee, Financial Management (-)
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Other Activities

  • Track Chair, Financial Management Association Annual Meetings, 2014Subject External Examiner, Smurfit Business School, University College Dublin, 2011 – PresentExternal Examiner, Institute of Bankers, 2013 – PresentPhD Committee, Accounting, University of Amsterdam, 2013PhD External Examiner, Finance, University College Dublin, 2012
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Education

  • Dublin City University Business School , PhD, PhD Finance (2006)
  • UCC, Cork , MSC FINANCE - UCC, MSc Finance (2000)
  • UCC, Cork , BSc, BSc Finance (1999)
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Employment

  • Professor of Corporate Finance, UCC (01-JUL-13 /)
  • Lecturer Finance, UCC (01-SEP-02 / 30-DEC-99)
  • Derivatives Trader, HSBC Investment Bank (01-SEP-00 / 01-SEP-02)
  • HSBC Investment Bank, HSBC Investment Bank (01-FEB-02 / 01-SEP-02)
  • Trader, HSBC Investment Bank (01-AUG-00 / 01-JAN-02)
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Current Postgrads

  • Browne Oliver Samuel (Doctoral Degree)
  • Flynn Gerard (Doctoral Degree)
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Professional Achievements

Honours and Awards

  • Enterprise Ireland: Research Funding EUR140,000 (2011)
  • IRCHSS: Research Funding EUR200,000 (2007)
  • : IAFA Scholar 2005 (2005)
  • Fulbright Commission: Fulbright Scholar, 2000 (2000)
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Publications

Peer Reviewed Journals

Year Publication
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 [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 [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 [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 [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 [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 [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 [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 [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 [Details]
2008 Simulating convertible bond arbitrage portfolios
Hutchinson M.C. and L. Gallagher (2008) Simulating convertible bond arbitrage portfolios. : Applied Financial Economics [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 [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 [Details]
2008 A question of balance and vision
Hutchinson, M.C (2008) A question of balance and vision. : Technology Ireland [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 [Details]
2003 Hedge Funds: An Irish Perspective
Hutchinson M.C (2003) Hedge Funds: An Irish Perspective. : Irish Journal of Management [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 Whistle-blowing: the Case of a Large Irish Financial Services Company
Buckley, C., Cotter, D. and Hutchinson, M. C (2008) Whistle-blowing: the Case of a Large Irish Financial Services Company. [Details]

Conference Contributions

Year Publication
2017 Skewness and Hedge Fund Flows. [Invited Lectures (Conference)]
Hutchinson, M.C., Heuson A.J. and A. Kumar (2017) Skewness and Hedge Fund Flows. [Invited Lectures (Conference)]. [Details]
2016 Hedge Funds. [Invited Lectures (Conference)]
Heuson A. Hutchinson M.C. and Kumar A (2016) Hedge Funds. [Invited Lectures (Conference)]. [Details]
2015 Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)]
O'Brien J. and Hutchinson M.C (2015) Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)]. [Details]
2015 Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)]
O'Brien J. and Hutchinson M.C (2015) Time Series Momentum and Macroeconomic Risk. [Invited Lectures (Conference)]. [Details]
2014 Annual Conference. [Oral Presentation]
Hutchinson, M.C. and J.J. O'Brien (2014) Annual Conference. [Oral Presentation]. [Details]
2014 Invited Plenary Lecture. [Plenary Lecture]
Hutchinson, M.C. and J.J. O'Brien (2014) Invited Plenary Lecture. [Plenary Lecture]. [Details]
2014 Is This Time Different? Trend Following and Financial Crises. [N/A]
Hutchinson M.C. and O'Brien J. J (2014) Is This Time Different? Trend Following and Financial Crises. [N/A]. [Details]
2013 FMA Europe Annual Conference. [Oral Presentation]
Hutchinson M.C (2013) FMA Europe Annual Conference. [Oral Presentation]. [Details]
2013 FMA US Annual Conference. [Oral Presentation]
Hutchinson M.C (2013) FMA US Annual Conference. [Oral Presentation]. [Details]
2011 Co-Author. [Oral Presentation]
Hutchinson M.C (2011) Co-Author. [Oral Presentation]. [Details]
2011 Co-Author and discussant. [Conference Organising Committee Chairperson]
Hutchinson, M.C (2011) Co-Author and discussant. [Conference Organising Committee Chairperson]. [Details]
2010 Co-Author. [Oral Presentation]
Hutchinson, M.C (2010) Co-Author. [Oral Presentation]. [Details]
2010 Presenter and discussant. [Oral Presentation]
Hutchinson, M.C (2010) Presenter and discussant. [Oral Presentation]. [Details]
2009 Presenter and discussant. [Oral Presentation]
Hutchinson, M.C (2009) Presenter and discussant. [Oral Presentation]. [Details]
2008 Irish Accounting and Finance (IAFA) Annual Meeting (Co-Author). [Oral Presentation]
Dr Mark Hutchinson (2008) Irish Accounting and Finance (IAFA) Annual Meeting (Co-Author). [Oral Presentation]. [Details]
2008 Irish Academy of Management Annual Meeting, (Co-Author). [Oral Presentation]
Dr Mark Hutchinson (2008) Irish Academy of Management Annual Meeting, (Co-Author). [Oral Presentation]. [Details]
2008 Invited Presentation on Convertible Bond Arbitrage. [Oral Presentation]
Dr Mark Hutchinson (2008) Invited Presentation on Convertible Bond Arbitrage. [Oral Presentation]. [Details]
2007 Irish Accounting and Finance (IAFA) Annual Meeting (Presenter). [Oral Presentation]
Dr Mark Hutchinson (2007) Irish Accounting and Finance (IAFA) Annual Meeting (Presenter). [Oral Presentation]. [Details]
2007 Korean Accounting Association Summer Conference, (Co-Author). [Oral Presentation]
Dr Mark Hutchinson (2007) Korean Accounting Association Summer Conference, (Co-Author). [Oral Presentation]. [Details]
2006 Second Annual Empirical Asset Pricing Retreat. [Oral Presentation]
Dr Mark Hutchinson (2006) Second Annual Empirical Asset Pricing Retreat. [Oral Presentation]. [Details]
2006 A RALS analysis of Convertible Bond Arbitrage Returns. [Oral Presentation]
Hutchinson M.C (2006) A RALS analysis of Convertible Bond Arbitrage Returns. [Oral Presentation]. [Details]
2005 British Accounting Association Doctoral Colloquium,. [Oral Presentation]
Dr Mark Hutchinson (2005) British Accounting Association Doctoral Colloquium,. [Oral Presentation]. [Details]
2005 Irish Accounting and Finance (IAFA) Annual Meeting, (Presenter). [Oral Presentation]
Dr Mark Hutchinson (2005) Irish Accounting and Finance (IAFA) Annual Meeting, (Presenter). [Oral Presentation]. [Details]
2005 Irish Accounting and Finance (IAFA) Annual Meeting (IAFA Scholar Presentation), (Presenter). [Oral Presentation]
Dr Mark Hutchinson (2005) Irish Accounting and Finance (IAFA) Annual Meeting (IAFA Scholar Presentation), (Presenter). [Oral Presentation]. [Details]
2005 Irish Economic Association (IEA) Annual Meeting, (Presenter). [Oral Presentation]
Dr Mark Hutchinson (2005) Irish Economic Association (IEA) Annual Meeting, (Presenter). [Oral Presentation]. [Details]
2005 Convertible Bond Arbitrage. [Oral Presentation]
Hutchinson M.C. and Gallagher L (2005) Convertible Bond Arbitrage. [Oral Presentation]. [Details]
2004 Quantitative Finance Seminar Series. [Oral Presentation]
Dr Mark Hutchinson (2004) Quantitative Finance Seminar Series. [Oral Presentation]. [Details]
2009 Co-Author (2 papers). [Oral Presentation]
Hutchinson M.C (2009) Co-Author (2 papers). [Oral Presentation]. [Details]
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