One of the largest British hedge funds is coming to the U.S. in hopes of managing more American dollars.
Winton Capital Group, the more than $25 billion firm led by David Harding, opened a New York office in June as part of a global expansion this year.
Stephen Stonberg, a senior consultant at the firm who recently joined from Credit Suisse Asset Management, is leading the American expansion. He is one of five staffers in Manhattan today; the team could expand to 10 or 15 people within the next year, according to a spokesman for the firm. Most U.S. employees will focus on marketing and investor relations in hopes of expanding Winton's client base of institutions such as pensions and endowments.