Tuesday, 27 January 2015
Last updated 2 min 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%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…