JWH Gains On Energy, Currency

Sep 15 2008 | 1:12pm ET

While most hedge funds suffered in August, one notable quantitative shop fared well in the heat.

John W. Henry & Co. reported gains in three out of the four available JWH products last month. The firm reaped profits in the JWH GlobalAnalytics (up 10.74%), Financial and Metals Portfolio (up 3.73%) and Foreign Exchange (up 2.42%) programs.

A number of major market moves in the currency and energy sectors primarily contributed to these programs’ returns "as the portfolios shifted to reflect new trends in energy, metals and the U.S. dollar," according to Kenneth Webster, chief operating officer, in his latest missive to investors. 

"F&M and FX identified new trends in favor of the U.S. dollar that allowed those programs to profit from the steady rise in the dollar throughout the month," he wrote.

However, Webster said trading in the agricultural markets was unprofitable in August because "price action was choppy and idiosyncratic."

The firm managed an estimated $248 million atthe end of August.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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