Thursday, 26 November 2015
Last updated 18 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…