Monday, 30 November 2015
Last updated 2 days ago
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.”
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…