Saturday, 30 August 2014
Last updated 22 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...