Winton Capital Management is seeking to replicate the success of its flagship global equity fund with two launches.
The group has launched North American and European long-only equity funds, which will be managed in a similar way to the $700 million Winton Global Equity fund, which uses a mathematical, analysis-driven process.
The Winton European Equity fund aims to outperform the MSCI Europe index over five years. There is a minimum investment of €1 million for the Z-share class, which has no management fee with a 20% performance fee.
The Winton US Equity fund aims to outperform the benchmark S&P 500 over the longer term and has the same fee structure.
The flagship Winton Global Equity fund has returned 43.6% since launch in December 2010 to the end of March, in line with a 43% rise by the MSCI World index. Last year the fund returned 29.8% net of fees.
As of February, Winton Capital Management had assets under management of $24 billion, making it one of the largest hedge fund groups, and founder David Harding has been vocal over his plans to expand into investment management.
Winton earlier this year hired hedge fund star Stephen Stonberg from Brevan Howard as a senior adviser.