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.

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    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…