Wednesday, 20 August 2014
Last updated 8 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note