Saturday, 27 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.