As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 18 hours ago
Dec 17 2007 | 12:35pm ET
Make it four months in a row for John W. Henry & Co., as the Boston Red Sox owner’s firm rallied in November. The once-billion-dollar futures firm reported gains in four of its five programs led by its Global Analytics program, which gained 10.18% last month.
JWH’s International Foreign Exchange program was its lone black eye, dropping 8.8%.
The interest-rate sector was the firm’s best-performing sector, and positions in the U.S. 10-year-note futures were the firm’s most profitable positions, according to Chief Operating Officer Kenneth Webster. “JWH’s program performance for November resulted in the continuation of the positive results seen over the past few months,” wrote he wrote in his monthly investor letter.
“The ongoing concern about the health of the U.S. economy and the Fed’s ability to proactively react to signs of impending problems continue to drive performance across the market sectors.”