Tuesday, 1 September 2015
Last updated 3 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…