This content is from: Portfolio

The 2016 Tech 50: David Harding

The CEO of Winton Capital Management makes his debut on the Tech 50 ranking at No. 39.

  • By Peter Vasiliev

39
David Harding
Chief Executive Officer
Winton Capital Management
PNR

As a systematic investor, David Harding has been relying on simulations to research investment strategies since the 1980s. “Back in the old days, we were restricted by the speed of computing,” says Harding, 54, who co-founded pioneering commodities trading adviser Adam, Harding & Lueck (AHL) in 1987. “It was a continual cycle of finding a way to use the faster computers to do a more complicated bit of simulation and then waiting for the new computers to arrive.” After selling AHL in 1996 to what is now Man Group, Harding started London-based Winton Capital Management the following year with $2 million. Today the 450-person firm manages $34.5 billion, and computing power is no longer an issue. For Harding, a self-described “science geek” who studied theoretical physics at the University of Cambridge, innovation centers on “the intellectual technology development of different statistical ways of looking at data, different ways of visualizing data and the inferences from data.” Winton, which has offices in a half dozen countries, recently opened a six-person outpost in San Francisco to tap into Silicon Valley’s data-science talent pool. The firm has been supporting the fintech revolution. In 2014 it began working with Cyber London, Europe’s first cybersecurity incubator. Winton cosponsors Cyber London and is currently hosting its third cohort of start-ups at the firm’s Hammersmith headquarters. Last year Harding launched Winton Ventures to invest the firm’s own money in young data-science companies, particularly those working with new types of data from nontraditional sources. “We attempt to use the scientific method broadly to evaluate the relationship between things that affect the prices of things, what we call explanatory variables, potential influences on price and the statistical likelihood of price change,” Harding says. “To a greater or lesser extent, that’s what all systematic investors are doing.”


The 2016 Tech 50
1. Catherine
Bessant
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
Markit
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
Bloomberg
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
BlackRock
8. Adena Friedman
Nasdaq
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
R3CEV
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Michael Cooper
BT Radianz
37. Tyler Kim
MaplesFS
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
eVestment
43. Stephane Dubois
Xignite
44. Mazy Dar
OpenFin
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
Perseus
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does
Adyen

Related Content