Winton Profit Plummets Almost 80%

Sep 27 2010 | 2:58pm ET

Winton Capital Management saw its profits plummet last year—although founder David Harding still enjoyed a very handsome payday.

The London-based managed futures firm, the second-largest in Europe, earned just £45 million last year, down 79% from the £206 million net profit it turned in 2008. Of course, Winton’s flagship’s reflected the same, with the Futures Fund dropping 4.63% last year after soaring 21% in 2008.

Assets under management held steady on the year at US$12.5 billion. Turnover fell 74% to £102 million.

Also falling precipitously was Harding’s own payday. Harding’s dividend fell by almost half—but he still took home £54 million. He was received £4 million in salary, down from £17 million last year.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...