Sunday, 29 November 2015
Last updated 1 day ago
Jul 1 2011 | 12:12pm ET
Hedge fund billionaire John Henry married his second wife on his 164-foot yacht, but the memories are apparently outweighed by costs of keeping it up.
The John W. Henry & Co. founder has put the "Iroquois" up for sale, seeking $28.75 million. Fear not, investors: Henry's not hard-up for cash, but the commodity trading advisor simply hasn't got the time for seafaring.
Henry, who in addition to running JWH owns baseball's Boston Red Sox, British soccer's Liverpool Football Club and a stock-car racing team, has a full plate, even though a week on the "Iroquois" costs almost $300,000 to charter customers and, thus, could be quite a good business in and of itself.
The yacht, which was built in 1998 and can accommodate 10 guests, is currently in the Bahamas and is being sold by Moran Yacht & Ship in Ft. Lauderdale, Fl.
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…