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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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