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

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.