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Darren Rovell brings you his unique take on the business of sports: a multi-billion dollar global industry and obsession full of personalities and products. On Sports Biz, Darren will give you his up-to-date take on everything from salaries to endorsement deals to marketing and promotions, trades and tirades – in short, everything that makes sports so exciting.

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Jan.05

1:10 PM ET

Monday, 5 Jan 2009

Red Sox Owner Beats The Market

Posted By:Darren Rovell

Topics:Hedge Funds | Stock Market | Sports

Boston Red Sox
CNBC.com
Boston Red Sox
It's been a rough go for Red Sox owner John Henry, as the team winning championships in 2004 and 2007 might have been the only thing that kept him sane.

He made his fortune at John W. Henry & Co., a hedge fund that specialized in commodities and futures, but his system let him down in recent years and the $2.5 billion under management plunged.

But, very quietly, John Henry had apparently had a great year in 2008, as the rest of the economic world started hurting. The S&P 500 posted its third worst year ever, down 38.49 percent. The Dow was down 33.8 percent for the year, its biggest decline since 1931. Meanwhile, John Henry's funds were counting the cash.

The chart below has the numbers for his funds through November, which is the latest update we have. Maybe the Red Sox could have afforded Mark Teixeira after all.

John Henry Funds Through November

FUND	ASSETS UNDER MANAGEMENT	2008 PERFORMANCE
JHW GlobalAnalytics	$135 Million	+82.78 percent
JHW Diversified Plus	$50 million	+38.22 percent
Intl. Foreign Exchange	$29 million	+76.10 percent
Financial & Metals	$26 million	+39.31 percent
JHW Financial Plus	$9 million	+34.57 percent
JHW World Commodity	$8 million	+68.57 percent

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