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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of