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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note