Winton Capital plans Zurich base

Hedge fund Winton Capital Management, whose flagship was the eighth most popular product in Europe last year, is opening an office in Switzerland to expand its scientific research.

It is believed the London-headquartered boutique founded by David Harding has plans for an office in Zurich.

It is believed the base would benefit from Switzerland’s attractiveness as a home for some of the world’s leading scientific researchers, including at the Cern laboratory near Geneva.

Harding (pictured) has made no secret of putting quantitative research at the forefront of his efforts to make money. His $28bn management firm already has research efforts in London’s western suburbs and Oxford.

The Winton Futures fund invests its approximately $10bn of assets according to computer models rather than human decisions.

Winton’s fund made about 5% last year, whereas its industry lost about that much according to Hedge Fund Research, and many regional stock markets fell by 10% or more.

Winton’s funds took in €4 of every €100 of net sales by Europe’s best 25 selling funds in 2011, according to Lipper.

Its Winton Futures fund was more popular than other well-known products such as Newton Real Return, Morgan Stanley Global Brands and Aberdeen Global Emerging Markets Equity fund.

 

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