Saturday, 4 July 2015
Last updated 23 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…