Winton Profit Soars

Oct 8 2012 | 12:11pm ET

Winton Capital Management's profit jumped by almost a quarter last year, after assets under management grew by more than half.

The London-based quantitative hedge fund said that its 2011 after-tax profit was £162 million, up 23% from 2010. Revenue rose to £282 million, a 24% jump.

Winton's assets rose by almost 65% in 2011 to US$28 billion, making it the fourth-biggest hedge fund in Europe.

Much of the profit went right into the pocket of Winton founder David Harding. Harding reportedly earned £87 million last year. Winton's investors have done less well since they poured into the hedge fund: The firm's flagship Futures Fund is down 3.5% this year, although it did rise 6.3% last year.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of