London-based hedge fund Winton suffers worst year since 2012 as profits plunge

Winton, the London-based hedge fund that manages almost £30bn worth of assets, saw its profits crash by more than half in 2016 after missing its performance target.

The company, founded in 1997 by one of Britain’s most successful hedge fund managers David Harding, said in accounts published this week that profits for the year to December 31 plunged 53pc to £107.3m.

That marks the computer-driven trader’s lowest annual point since 2012, and is a significant dive on the £487m posted in 2014.

Source: TheTelegraph

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