John Henry’s Hedge Fund lays off almost one third of its team
| November 10th, 2009 | ||
| John Henry, owner of the Boston Red Sox, has laid off eight employees from his Florida based investment management firm John W. Henry & Co. The Boston Globe reported that in an email Mr. Henry explained that the firm had been overstaffed especially with the current negative market environment. John W. Henry & Co. has had a dramatic decline in assets under management over the past five years. From 2004 to 2009, the assets under the firm’s management have fallen from $2.5 Billion to just $188 Million. The precipitous fall in the firm’s assets is largely linked to the financial crisis, which caused many investors to pull cash out of funds. Many other hedge funds froze withdrawals requests from investors for six months or more, while John W. Henry & Co allowed investors to take their funds out quickly. | ||
See Source | ||
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings
Add a Comment |
More Recent Headlines
Former Star Manager of Goldman’s Global Alpha Fund to Launch New Hedge Fund |
CFO of Boston Provident Charged with Securities Fraud |
Flintlock Commodity Opportunity Partners to be launched by Ex-Tudor PM Steve Matthews |
Value Line’s $24 million Fraud Scheme ends after almost 20 years |
Nathan Dean joins Quoin Partners as Senior Partner |
Gabelli’s GAMCO pushes shareholder activist agendas at Three Companies |
Equity Markets and Hedge Funds have 1st down Month in 7 Months |
Did the Stock Market Collapse Help Some Hedge Funds Mask More Serious Problems? |
RWC Long-Short Strategy Gets Backing from SAC Capital |
AIG Investments shuts down Cleantech and Sustainability Investment Group |
