Thursday, 2 October 2014
Last updated 6 min ago
Jan 19 2007 | 12:32pm ET
John W. Henry & Co. ended 2006 the way it started the New Year–on a down note.
John Henry—who also owns baseball’s Boston Red Sox—must be looking forward to Spring Training, as all nine of the firm’s programs sustained double-digit losses in a year his Sox failed to make the playoffs. JWH’s Dollar program “led” the pack, down 33.32%, followed by the Currency Strategic Allocation program, which was down 21.77%, according to the firm’s estimates. JWH’s best performer was its International Foreign exchange program, which only lost 4.90%.
The firm was hit with more bad news this month as Mark Rzepczynski, former president and CIO, stepped down from his post on Jan. 12.
“It was an amicable separation in terms of the decision by the company to pursue the development of lower leveraged programs and strategies going forward,” according to firm spokesman David Kozak.
Kozak, who declined to comment on Rzepczynski’s vision for the firm’s product lines going forward, said he is not aware of Rzepczynski’s future plans. Kenneth Webster, former JWH chief operating officer, will assume Rzepczynski’s responsibilities and his former position will be filled internally, said Kozak.
And the musical chairs continue as former head trader Matt Driscoll has been promoted to CIO and director of research. Former trading desk manager Michael Flannery will assume Driscoll’s former position.
The firm managed some $1.7 billion as of the end of December.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...