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Investors pull $1 billion from hedge fund giant Winton

Reuters – Winton Capital, one of the world’s most successful hedge fund firms, has seen clients pull $1 billion of cash out of its portfolios amid falling returns from computer-driven fund managers.

The firm set up by Cambridge physicist David Harding, one of Britain’s richest financiers, said that assets had dropped to about $26 billion at the end of 2012, from $29 billion in May.

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