Tuesday, 21 October 2014
Last updated 9 hours ago
Mar 1 2007 | 11:43am ET
After ending 2006 on a down note, John W. Henry & Co.’s 2007 has begun on a somewhat dissonant one. The firm’s Worldwide Bond Program and G-7 Currency Portfolio have returned 3.62% and 2.89% year-to-date, respectively, while its Dollar Program and Global Diversified Portfolio were not so lucky, falling 4.95% and 2.89%, respectively.
JWH President and Chief Operating Officer Kenneth Webster, in his monthly investor letter, attributed the difficult trading environment to “trend reversals in the currency and energy sectors.”
“The firm’s disciplined systematic investment style is not conducive to short-term market-moving events that cause spikes in volatility resulting in strong reversals,” he wrote.
“Conflicting information on the U.S. economy, coupled with uncertainty about the reaction of the Federal Reserve Board and other central banks to current economic data, continued to leave currency markets susceptible to sudden changes in market sentiment,” he added. “Seven of the firm’s 12 programs were negative as large allocations to the currency sector hurt performance in JWH’s broadly diversified, foreign exchange and multiple style programs.”
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...