Winton is a data science and investment management company. Founded in 1997, we believe that the application of the scientific method offers the best approach to investing. The investment decisions we make are driven by statistical inference based on the empirical analysis of data, rather than instinct or intuition. By finding patterns in large volumes of data, our researchers build intelligent investment systems which evolve over time.
Today, we advise on over $30billion of assets for many of the world’s largest pension funds, sovereign wealth funds, banks and fund platforms. We employ more than 450 people in offices around the globe including: London, Oxford, Hong Kong, New York, Shanghai, Sydney, San Francisco, Tokyo and Zurich.
Background & Scope
Winton takes its fiduciary responsibilities seriously and we believe in responsible capitalism. Furthermore, we consider that Corporate Social Responsibility for an management company encompasses both how we behave as an organisation, and the investment decisions made by our Investment System. This statement documents our continual efforts to operate responsibly in both these areas.
Responsible Investment Management
Core to Winton’s values is to operate our business in a responsible and ethical manner, for the benefit of our investors, ourselves, and society as a whole. Characteristics of Winton worth highlighting in this regard include:
– Regulation. Winton is a global group with the majority of its operations in the UK and its global headquarters in London. Winton subsidiaries are regulated by the Financial Conduct Authority in the UK. In the USA, relevant entities are registered as an investment adviser with the US Securities and Exchange Commission, registered with the US Commodity Futures Trading Commission and a member of the US National Futures Association. In Hong Kong we are regulated by the Securities and Futures Commission.
– Taxation. Winton’s operations are mainly located in the UK, but staff are also situated in seven overseas offices. Winton is dedicated to being a responsible taxpayer, complying with local tax laws and regulations and with OECD guidance. The primary tax objective of Winton is accurate and timely tax compliance in all countries where we operate and our tax strategy is published on this website. Winton’s annual report and financial statements (publicly available from UK Companies House) discloses the Group’s total tax contribution, including the effective rate of tax borne by the Group.
In order to minimise the possibility of an inadvertent creation of a UK permanent establishment of the Winton-titled funds, Winton assesses its compliance with the criteria for satisfying the Investment Manager Exemption (IME) on a regular basis and believes that Winton, such funds, and the relationships between them, meet the tests such that the funds would fall within the IME safe harbour with respect to UK taxation. Winton monitors and minimises the permanent establishment risk across the other territories where the Group has offices.
– Alignment of interests. Winton is a private group that is majority employee owned. The company also operates a share scheme, which is open to all employees, whereby shares in Winton Group may be purchased by employees. All employees are eligible for a quarterly discretionary bonus scheme that is based on both Group and individual performance. An increasing proportion of bonus awards are deferred for key contributors into a scheme that is linked to the financial performance of Winton sponsored funds.
– UNPRI. In March 2014 Winton Capital Management became a signatory to the United Nations Principles of Responsible Investment.
– Standards for Alternative Investments. Winton is one of the founding members of the Standards Board for Alternative Investments. The SBAI was established in 2008 in an effort to develop standards around disclosure, valuation, risk management, governance, and shareholder conduct.
– Philanthropy. Winton’s success is built on scientific creativity and curiosity – Winton Philanthropies invests in these qualities by funding experimental, bold and risk-taking research which focus on scientific research and the communication of scientific ideas. Notable endowments include the Winton Centre for Risk and Evidence Communication based at the University of Cambridge’s Faculty of Mathematics, the Winton Programme for the Physics of Sustainability at the Cavendish Laboratory, the Harding Center for Risk Literacy at the Max Planck Institute in Berlin and the Mathematics Winton Gallery at the Science Museum in London. Winton also matches donations made by employees and employee fundraising, up to a limit of £10,000 per employee per annum.
– Environmental responsibility. Winton is mindful of its environmental impact and seeks to adhere to the relevant environmental standards in the countries in which it operates, wherever possible.
In its headquarters in London, Winton entered into an agreement with the Low Carbon Workplace Trust to aim to deliver low-use carbon emissions based on: improving the fabric of the building, deploying high-efficiency technologies to heat, cool and ventilate the space, and reducing operational energy consumption through sophisticated energy monitoring.
Winton also receives ongoing advice from the Low Carbon Workplace Trust to help minimise carbon emissions, showing continued results in achieving energy usage levels well below the suggested ECON19 benchmarks.
Download the Corporate Social Responsibility Statement here.