Winton Capital Management will open its first U.S. office this summer as the firm prepares to expand further globally.
Winton's New York base will be its fifth office. Initially, only a handful of Winton's 300 staffers will be based in the Big Apple, including several who will transfer from its other offices, The Wall Street Journal reports. Those working in New York will focus on marketing.
The New York office could presage new offices in Australia and Japan for the US$25 billion quantitative firm, according to the Journal. Winton already has offices in London, Oxford, Hong Kong and Zurich.
A U.S. base follows Winton's launch of two onshore funds in the country, which manage some US$300 million. It also follows Odey Asset Management's decision to open an office in New York late last year.