JWH Caught By Trend Reversals In April

May 15 2008 | 12:15pm ET

April rained on John W Henry’s parade, resulting in drawdowns in most of the firm’s trading programs. Most notably, the Financials and Metals Portfolio lost 15.37% and the International Foreign Exchange program fell 10.14%.

Kenneth Webster, chief operating officer, attributed the firm’s losses to “widespread trend reversals in most market sectors,” in his latest investor letter. Specifically, the Dow Jones Industrial Average ended April well off the March lows, and near its high for the year, according to Webster, adding that the global rally in equity indices dampened volatility and put a spigot on profitable open trades.

Webster also noted that the interest rates markets experienced “significant” reversals last month as the combination of Fed policy, better-than-expected economic data and improving stock market performance combined to push intermediate-to-long-term interest rates higher during the month.

As well, the currency markets were also unprofitable for the firm as its positions in Japanese yen and Swiss franc “were particularly hit hard.”

JWH’s total assets under management currently stand at $285 million.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.