Sunday, 28 August 2016
Last updated 1 day ago
Apr 24 2012 | 5:49am ET
Winton Capital Management has global expansion plans, but its biggest growth may be coming in its home base.
The US$28 billion hedge fund is looking to more than triple its office space in London's Hammersmith neighborhood as it seeks to consolidate its operations and boost its staff. Real estate firm Jones Lang LaSalle tells Financial News that Winton is eyeing 50,000 square feet in Hammersmith, where it currently rents 14,000 square feet.
The new digs will allow Winton to put its trading and marketing operations, currently in Kensington, under the same roof as its research and back-office operations, which are already in Hammersmith. Jones Lang said that the new office space could accommodate more than 800 staffers; Winton currently employs 230.
The hedge fund didn't have much to say about its real-estate plans, telling FN only that it "is expanding, so this is a situation on which we will have more to say within the next three months."
In addition to its London plans, Winton hopes to open its first office in continental Europe this year, and to double the size of its Hong Kong staff.