Friday, 9 October 2015
Last updated 40 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%.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…