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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
 |
CNBC.com Boston Red Sox |
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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