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
Jul 14 2008 | 11:23am ET
John W. Henry & Co.’s run of strong performance continued in June. The firm’s JWH GlobalAnalytics and JWH Diversified Plus programs racked up gains of 1.32% and 8.52%, respectively, to year-to-date returns of 32.36% and 29.08%, respectively.
According to the latest missive to investors from Kenneth Webster, chief operating officer, the majority of the firm’s gains for came from the commodity markets where the global demand for energy continues to push prices higher at the same time major flooding in the Midwest was impacting the outlook for the future supply of grain.
“JWH’s long-term perspective has allowed us to continue to benefit from the extended bull market in commodities even as the currency and bond portions of the programs struggle to find clear trends amidst a seemingly ever changing outlook for both growth and inflation,” he wrote.
JWH managed some $292 million as of the end of June.