Saturday, 28 November 2015
Last updated 20 hours ago
Jun 24 2014 | 7:06am ET
Winton Capital Management’s top staffers were generously rewarded for the firm’s strong results last year.
The quantitative hedge fund, which has embarked on an ambitious expansion program, saw its profits nearly triple in 2013. And with them, the firm’s compensation across the board soared to new heights.
Winton paid out £84 million to its 281 employees last year, up 20% from the previous year. Directors also got a sizeable raise, splitting £18.9 million, 53% more than in 2012. But the firm’s shareholders did best of all, with dividends of £93.7 million, more than twice the 2012 figure, according to a regulatory filing.
Firm founder David Harding owns about 70% of Winton’s Class A shares, entitling him alone to more than £65 million in dividends, added to his fortune of roughly £750 million.
Winton’s flagship Futures Fund rose 9.4% in 2013, helping the firm boost its revenues by nearly 70%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…