Saturday, 30 May 2015
Last updated 1 day ago
Oct 4 2013 | 11:00am ET
Winton Capital Management's second-ever annual loss put a big dent into its profits last year.
The London-based quantitative hedge fund posted earnings after taxes of £58.6 million (US$95.1 million) in 2012, down 64% from 2011's £162 million. The firm's revenues fell 45% to £193 million on lower performance fees, as its flagship Futures Fund fell 3.5%—its second down year since its debut in 1997.
The US$9.8 billion fund has bounced back somewhat this year, rising 3.5%.
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…