Monday, 25 May 2015
Last updated 3 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…