Busy Henry Selling 164-Foot Yacht

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR