Sunday, 26 April 2015
Last updated 1 day 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…