JWH Rebounds In April

May 16 2007 | 10:24am ET

After months of continuous drawdowns and negative performance, John W. Henry & Co. finally turned things around trading-wise last month. Ten out of 11 JWH programs were up in April, led by the International Foreign Exchange program, which gained 9.8%, and the Global Diversified program, which rose 9.4%. Only the Worldwide Bond program was left out of the rally, losing 0.9% on the month.

April’s good news notwithstanding, all of its programs are still down for the year–the Global Diversified program is down an estimated 17.73% through April.   

Last month, JWH’s systematic trading approach took advantage of opportunities that emerged as global financial markets recovered from the short-term dislocation that occurred at the end of February, according to Kenneth Webster, JWH president, in his latest investor letter.

“This transition, which caused losses when JWH’s systematic models exited positions as markets suffered sharp reversals, appears to have laid the foundation for a major shift in trends,” he wrote. “JWH’s programs benefited from sustained profitable trends that developed in numerous sectors. Currency positions were particularly profitable as various previously rang-bound currencies set historic high and lows.”

However, the firm’s programs were hurt in global fixed income markets because of uncertainty over the interest rate policies of the United States and Japan, according to Webster.  

The firm managed some $1.3 billion as of the end of April.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…