By Barry Cohen
Investors are fleeing as John W. Henrys
losses mount. Is he unwilling to change, or just distracted by
John W. Henry launched his eponymous firm in 1982, he has
always stubbornly clung to his disciplined, trend-following
approach. Throughout the peaks and troughs of a long investment
career in managed futures, in which he is regarded as one of
the founding fathers, this obstinacy has served him well. But
now, after several years of dismal returns, the very future of
Henrys Commodities Trading Advisor may finally be on the
line. Is one of the pioneers of the CTA industry becoming one
of its dinosaurs?
The turn in John W. Henry & Co.s fortunes began,
perhaps not coincidentally, not too long after Henry, in 2002,
became the principal owner of the Boston Red Sox, which began
to absorb his interest and take his...