JWH Gains On Global Equities, Natural Gas

Apr 23 2008 | 12:13pm ET

John W. Henry & Co. continued its winning ways in March with gains in five out of its six programs.

The firm’s International Foreign Exchange program offered the heftiest return last month up 13.97% (19.25% YTD) followed by the Financial and Metals Portoflio, which gained 8.91% (29.915 YTD).

The firm profited trading in global equities, with positions in Japan contributing “heavily to the sectors positive performance,” according to Kenneth Webster, president and chief operating officer, in his monthly investor letter.

“Positions in Japanese and U.S. interest rates outperformed positions in European rates,” he wrote. And while crude oil prices rose above $100 per barrel in March, it was natural gas that helped provide profits in the sector for JWH.

However, the firm’s positions in precious and base metals as well as agricultural commodities sector produced negative performance in March.

JWH managed an estimated at $317 million as of the end of March.


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