Quant Firm Winton Cut Remuneration, Plans Cost-Control Measures
2018-05-18 09:20:26.152 GMT
By Nishant Kumar
(Bloomberg) -- Winton will take steps to control costs this
year as the quantitative investment firm adjusts to declining
fee levels across the hedge fund industry.
Average remuneration per employee fell to 206,000 pounds
($278,180) in 2017 from 219,000 pounds a year earlier at the
firm led by David Harding. Payments to directors declined to 2.6
million pounds from 4.9 million pounds, according to the annual
report published on the U.K.’s Companies House website on
Friday.
“In the face of generally muted or negative returns to
financial assets, high returns are unlikely to be easy to come
by,” Harding said in the report. “Winton, therefore, is
continuing to fix the roof while the sun is shining, by taking
strict cost control measures and tightening its control and
governance frameworks.” A spokesman for the firm declined to
comment beyond the report. (.. )
2018-05-18 09:20:26.152 GMT
By Nishant Kumar
(Bloomberg) -- Winton will take steps to control costs this
year as the quantitative investment firm adjusts to declining
fee levels across the hedge fund industry.
Average remuneration per employee fell to 206,000 pounds
($278,180) in 2017 from 219,000 pounds a year earlier at the
firm led by David Harding. Payments to directors declined to 2.6
million pounds from 4.9 million pounds, according to the annual
report published on the U.K.’s Companies House website on
Friday.
“In the face of generally muted or negative returns to
financial assets, high returns are unlikely to be easy to come
by,” Harding said in the report. “Winton, therefore, is
continuing to fix the roof while the sun is shining, by taking
strict cost control measures and tightening its control and
governance frameworks.” A spokesman for the firm declined to
comment beyond the report. (.. )
