Winton Capital Management are a managed futures and hedge fund manager specialising in systematic trading using advanced scientific methods. Winton trade over 100 futures and forwards markets worldwide using a proprietary model based on the statistical properties of market behaviour. Winton are regulated by the NFA and CFTC in United States, and authorised and regulated by the Financial Services Authority in the United Kingdom.

Winton Capital

Leaders in research-led managed futures trading.

Winton Capital Management are a managed futures and hedge fund manager established in 1997 and specialising in systematic trading using advanced scientific methods.

Winton trade over 100 futures and forwards markets worldwide using a proprietary model based on the statistical properties of market behaviour.

Winton's investment objectives are directed towards delivering long term returns through compound growth. This is achieved by pursuing a diversified trading strategy which does not rely on favourable conditions in any particular market or on general appreciation of asset values.

Winton is regulated by the NFA and CFTC in United States, and authorised and regulated by the Financial Services Authority in the United Kingdom.

Philosophy

Markets are not perfectly efficient, and price movements do not follow unpredictable "random walks". While patterns in market behaviour are hard to discern, they exist and can provide a source of profit for those able to exploit them.

The most consistent way to profit from the markets is through attaining a knowledge advantage over other market participants. Winton's edge lies in capturing the behavioural regularities which cause market behaviour to deviate from randomness.

Winton aims to transform slight and transitory advantages into long term gains by maximising diversification and employing intelligent risk targeting.

Research

Winton's founding principle is the belief that robust statistical research provides the richest and most reliable source of information on market behaviour.

Winton's research is directed by David Harding, co-founder and developer of the AHL trading system. Research constitutes the largest area of investment in the company. The research team includes graduates of some of the most prestigious research institutions worldwide, with several decades of collective experience in applied research in the areas of classical statistics, mathematics, actuarial science and operational research.

Winton's research is based solidly on the analysis of historical market data. The identification of statistical regularities in price movements enables Winton to develop powerful predictive tools which form the basis of a dynamic trading system.

The research cycle is a continuous and multifaceted venture aimed at maintaining Winton's edge while expanding in innovative directions.

Operations

Winton's research is put into practice through a disciplined trading strategy. Trading is continuous, with positions being established and rebalanced each day on the basis of the trading system's forecast optimisations.

Winton has embraced the use of electronic trading platforms, and strives towards automation, efficiency and cost-reduction in execution.

Winton reconciles all positions and balances held by client accounts daily through fully integrated front and back office systems with built-in error-checking routines.

Risk Management

Winton does not believe in minimising risk, but in targeting it. Return and risk are two sides of the same coin, and futures trading is a game not of asset allocation, but of risk allocation.

The management of risk is an integral part of the Winton trading system.
Winton employs a proprietary volatility forecasting tool which works alongside its return forecasting to allocate risk dynamically between markets.

Winton ensures continuity of trading by maintaining a full off-site mirror of operational facilities and operating an efficient NFA-compliant recovery plan.

Winton Capital Management Non-US

Winton Capital Management US

design and production