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EspañolJOHN W. HENRY
'John William Henry' (born September 13, 1949 in Quincy, Illinois), a hedge fund manager who founded John W. Henry & Company. He is also the principal owner of the Boston Red Sox and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine estimated his net worth at $860 million, but noted that his company had recently had difficulties.[1] In May 2007, reports in the Wall Street Journal[2] and Bloomberg noted further difficulties with the firm.
Henry's parents were farmers. At the age of 15 he suffered a lung-related illness prompting the family to move to Apple Valley, California. He attended Victor Valley College in Victorville, California, the University of California at Riverside and UCLA, studying philosophy but failed to obtain his degree.
Henry inherited the family farm upon his father's death. He started hedging corn and soybeans in order to counteract the changing prices in these commodities. In 1976, a commodities broker at Reynolds Securities offered him a job assisting private investors, but he declined. Henry later developed a theory based on trends and the trend following approach. He then began a career as a speculator in the commodities market, obtaining his CTA registration in 1981, and opened an office in Irvine, California. In 1989, Henry moved to Westport, Connecticut. Two years later, he established another office in Boca Raton, Florida
Henry established The Fund in 1982 as an alternative asset management fund, the 8th largest managed futures advisor in the world by Assets under Management. JWH Investment Programs and Performance The Fund employs a method of investing based on technical analysis and money management guidelines called a Black Box system, meaning it does not allow for human interaction based on so-called fundamentals or human emotions. Curse Of The Bambino On The Trading Floor? On May 29, 2007, Bloomberg news reported that Henry's assets under management had fallen by 80% after losing 33% over the prior two years. On the same day, the Wall Street Journal reported that the firm was in talks about affiliating with that of another investment manager, but that no transaction is imminent.
John W. Henry grew up a St. Louis Cardinals fan, especially of Stan Musial. After acquiring his fortune, his first foray into professional sports was attempting to head an NHL expansion bid for South Florida in 1990, which ended up going to Tampa Bay, pre-dating South Florida's more successful NHL expansion bid soon after by Wayne Huizenga. Henry entered baseball with his purchase of the Florida Marlins in 1998, which he ironically bought from Huizenga. After their 2002 season, Henry sold the Marlins in a multi-franchise deal which led he and partner Tom Werner's purchase of the Red Sox from John Harrington. Henry assembled an ownership team with the express goal of winning a championship, a feat accomplished in the 2004 World Series.
In 2007, Henry bought a 50% stake in the Jack Roush's Roush Fenway Racing stock car racing team. Red Sox owner buys 50% stake in Roush Racing Boston Globe, 2007-02-10. Retrieved on February 10, 2007 The team's Matt Kenseth won the Auto Club 500 at the California Speedway in February 2007.
★ Fenway Sports Group
★ List of personalities associated with Wall Street
★ Roush-Fenway Racing
Fielding a dream
1. 50 Wealthiest Bostonians Boston Magazine, March 2006, accessed July 6, 2007
2. The Wall Street Jounral "John Henry in a Slump" by Gregory Zuckerman, May 29, 2007
★ Details of Henry's most recent Blow Up
★ List of Articles/News that Henry has been featured in
★ Street Stories profile
★ Henry company iRacing.com Motorsport Simulations
| Contents |
| Early life |
| The Fund |
| Baseball |
| NASCAR |
| See also |
| References |
| Notes |
| External links |
Early life
Henry's parents were farmers. At the age of 15 he suffered a lung-related illness prompting the family to move to Apple Valley, California. He attended Victor Valley College in Victorville, California, the University of California at Riverside and UCLA, studying philosophy but failed to obtain his degree.
Henry inherited the family farm upon his father's death. He started hedging corn and soybeans in order to counteract the changing prices in these commodities. In 1976, a commodities broker at Reynolds Securities offered him a job assisting private investors, but he declined. Henry later developed a theory based on trends and the trend following approach. He then began a career as a speculator in the commodities market, obtaining his CTA registration in 1981, and opened an office in Irvine, California. In 1989, Henry moved to Westport, Connecticut. Two years later, he established another office in Boca Raton, Florida
The Fund
Henry established The Fund in 1982 as an alternative asset management fund, the 8th largest managed futures advisor in the world by Assets under Management. JWH Investment Programs and Performance The Fund employs a method of investing based on technical analysis and money management guidelines called a Black Box system, meaning it does not allow for human interaction based on so-called fundamentals or human emotions. Curse Of The Bambino On The Trading Floor? On May 29, 2007, Bloomberg news reported that Henry's assets under management had fallen by 80% after losing 33% over the prior two years. On the same day, the Wall Street Journal reported that the firm was in talks about affiliating with that of another investment manager, but that no transaction is imminent.
Baseball
John W. Henry grew up a St. Louis Cardinals fan, especially of Stan Musial. After acquiring his fortune, his first foray into professional sports was attempting to head an NHL expansion bid for South Florida in 1990, which ended up going to Tampa Bay, pre-dating South Florida's more successful NHL expansion bid soon after by Wayne Huizenga. Henry entered baseball with his purchase of the Florida Marlins in 1998, which he ironically bought from Huizenga. After their 2002 season, Henry sold the Marlins in a multi-franchise deal which led he and partner Tom Werner's purchase of the Red Sox from John Harrington. Henry assembled an ownership team with the express goal of winning a championship, a feat accomplished in the 2004 World Series.
NASCAR
In 2007, Henry bought a 50% stake in the Jack Roush's Roush Fenway Racing stock car racing team. Red Sox owner buys 50% stake in Roush Racing Boston Globe, 2007-02-10. Retrieved on February 10, 2007 The team's Matt Kenseth won the Auto Club 500 at the California Speedway in February 2007.
See also
★ Fenway Sports Group
★ List of personalities associated with Wall Street
★ Roush-Fenway Racing
References
Fielding a dream
Notes
1. 50 Wealthiest Bostonians Boston Magazine, March 2006, accessed July 6, 2007
2. The Wall Street Jounral "John Henry in a Slump" by Gregory Zuckerman, May 29, 2007
External links
★ Details of Henry's most recent Blow Up
★ List of Articles/News that Henry has been featured in
★ Street Stories profile
★ Henry company iRacing.com Motorsport Simulations
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