Saturday, 24 January 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…