Background & Scope
Winton takes its fiduciary responsibilities seriously and we believe in responsible capitalism. Furthermore, we consider that Corporate Social Responsibility for an investment manager concerns both how we behave as an organisation, and the investment decisions made by our investment systems. This statement documents our continual efforts to operate responsibly in both these areas.
Responsible Investment Management
Core to Winton’s values is our commitment to conduct business in a responsible and ethical manner, for the benefit of our investors, ourselves, and society as a whole. Winton’s relevant characteristics 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 United States, relevant entities are registered as an investment adviser with the US Securities and Exchange Commission, and with the US Commodity Futures Trading Commission. We are also 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. Winton’s primary tax objective is accurate and timely compliance in all countries where we operate. Read more about our tax strategy. Winton’s annual report and financial statements (publicly available from UK Companies House) disclose the group’s total tax contribution, including the effective rate of tax borne by the group.
- 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-titled funds.
- UNPRI. In March 2014 Winton Capital Management became a signatory to the United Nations Principles of Responsible Investment.
- Alternative Investments Standards. Winton is one of the founding members of the Standards Board for Alternative Investments (www.sbai.org). The SBAI (formerly the Hedge Fund Standards Board) 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 and the communication of scientific ideas. Notable endowments include the Winton Centre for Risk and Evidence Communication at the University of Cambridge, 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 Mathematics: The 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.