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%.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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