John W Henry & Co. Gains On Dollar Decline

Dec 11 2006 | 12:34pm ET

Boca Raton-based John W Henry & Co. generated positive performance across its suite of programs in November primarily on the basis of the U.S. dollar declining to a 20-month low against the euro. The firm’s Dollar Program led the way with a gain of an estimated 10.8%, but it still shows a year-to-date loss of 27.1%

“The dollar broke out of its six-month trading range on growing expectations that a slowdown in the U.S. economy will make dollar denominated assets less attractive to investors,” wrote Mark Rzepczynski, chief investment officer, in his monthly investor letter.

“While there has been a consensus this year that the U.S. economy would slowdown, the economic data supporting a strong U.S. decline over the last six months was mixed. This mixed information has been coupled with a Federal Reserve forecast of moderate growth and continued fears about inflation…Economic growth in other countries followed a similar pattern…Growing negative U.S. news along with positive growth expectations for Europe generated a change in expectations for the dollar market which resulted in the dollar declining 3.7% against the euro and 1% on a trade weighted basis in November.”

JWH’s financial programs performance were helped by trading profits in the U.S. bond market and its Broadly Diversified programs also saw positive returns in the agricultural sector due to the continued strong move in the corn market, according to the firm. Its flagship Strategic Allocation program posted an estimated return of 6.3% for the month but is down 6.3% year-to-date through November.

As of the end of November, JWH assets under management total around $2 billion.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.