John W. Henry & Co. Remains Mired In Red Ink

Apr 20 2007 | 11:07am ET

Winter has officially come to an end, but things are still frigid at John W. Henry & Co. The firm’s futures programs were frostbit yet again last month, with all posting losses. The Global Diversified Portfolio and Financial and Metals Portfolio once again “led” the pack, picking up where they left off in February, by dropping 12.87% and 12.56%, respectively. Since the leaves began falling in November, JWH has shed some $700 million in assets under management, leaving it with just $1.3 billion.

JWH’s trendfollowing programs were hurt by the drop in global equity markets in February, which increased volatility in financial markets around the world, according to Kenneth Webster, president and COO. “Our programs suffered losses in the currency, metal and agricultural markets at the beginning of the month as sharp reversals, which carried over from February, led to the exiting of positions,” Webster penned in his monthly investor letter.

JWH’s energy portfolio posted mixed performance, with limited gains in crude oil offset by losses in natural gas bets, accroding to Webster, who remains upbeat about the the firm’s overall fortunes, saying, “This turmoil has the potential to be a positive development for JWH’s style of trading. Short-term market dislocations can be a harbinger of major shift in trends.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...