JWH Continues Up Trend

Jun 18 2007 | 11:26am ET

John W. Henry & Co. was, for the most part, able to sustain its April momentum into May. The firm’s Worldwide Bond program and Financial and Metals Portfolio led the portfolio, gaining 6.71% and 5.93%, respectively, and the majority of its other programs were positive for the month. JWH’s Dollar program suffered the steepest drawdown, dropping 4.38 for the month.

Chief Operating Officer Kenneth Webster pointed to sustained trends in the interest rate sector and falling bond markets in the U.S. and Europe as well as “better-than-expected earnings” and “stronger-than-expected economic growth” as key drivers to the firm’s performance in May.

“Performance was positive for the month as the firm’s systematic trading approach benefited from continued strong directional movements in European debt and global equity markets,” penned Webster, in his monthly investor letter. “While we cannot predict how long these trends will last, we are encouraged to see multiple markets continuing to achieve new highs and lows, providing profit opportunities for our investors.”


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note