Winton Capital clients said to pull out $1 billion, according to Reuters.
Reuters reports Wednesday that investors have pulled about $1 billion out of hedge fund Winton Capital.
Founded by Cambridge physicist David Harding, the firm disclosed that assets from from $29 billion last May to $26 billion by the end of 2012. Aside from the $1 billion removed by investors, the rest was due to performance losses, according to a spokesperson for the firm.
Speculation surrounds whether the outflow was caused by Harding looking to cut risk levels during the credit crisis a few years back. The move is attractive for more conservative investors like pension funds, but less so for those seeking higher returns.
Winton gained 6.3 percent in 2011, but lost about 3.6 percent last year.