City Of London
London Quant Pioneer David Harding Gains on Road Back From $27 Billion Plunge
- The Winton fund soared 17% in best year since financial crisis
- Firm-wide assets have risen to $10 billion after crashing 80%
David Harding
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The resurgence in volatility that sent markets into a tailspin could not have come soon enough for quant fund pioneer David Harding.
Reeling from losses and an exodus of clients that reached a nadir in 2020, Harding’s hedge funds rode the ferocious macro-driven price trends in global markets last year to emerge as one of the industry’s biggest winners. The multi-strategy Winton fund rose 17% for its best year since 2008, while another fund chasing broader market trends returned 18.7%. Peers tracked by Bloomberg gained 5.5%.