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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...