When asked the ideal dollar figure for assets under management in Winton’s newly launched trend-following fund, David Harding’s answer prompts a double take. “Nought would be perfect,” the firm’s founder says. He is only half joking.
After 20 years, Harding is steering the $30 billion firm he built increasingly away from trend following. Winton is cutting the weight of the strategy in its main fund – the Winton Fund – by half, from 50% to around 25%.
The new launch is for clients that want to