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The 2016 Tech 50: David Harding

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

< The 2016 Tech 5039David HardingChief Executive OfficerWinton Capital ManagementPNR

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 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen