Volatility? What volatility? Proving that January was no aberration, asset management firm John W. Henry & Co. put together back-to-back winning months making gains in all of its programs last month.
Notable winners from JWH’s broadly diversified portfolio include the Global Diversified Portfolio, JWH GlobalAnalytics and JWH Diversified Plus, which were up an estimated 16.97%, 15.18% and 13.45%, respectively.
In his monthly investor letter, JWH president Kenneth Webster labeled the firm’s performance last month as “exceptional” and attributed the programs’ performances to historic moves in the prices of energy, grain, metals and soft commodities.
“The firm’s diversified programs achieved double-digit results benefiting, in large part, from a continuation of the historic moves in the commodity markets. They have also exhibited strong performance in many other parts of the portfolio, including currencies, as the U.S. dollar continues to decline,” Webster wrote.
JWH’s total assets under management rose from $290 million in January to $314 million as of the end of February.