Monday, 20 October 2014
Last updated 2 days ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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