Winton Profit Plummets 64%

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%.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...