Saturday, 26 July 2014
Last updated 14 hours 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…