John W. Henry & Co. hires business development chief
By Lawrence Delevingne
Wed Aug 24, 2011
The once-mighty managed futures firm continues to rebuild.
John W. Henry & Company has hired a new head of business
development, Michael Elias, in hopes of continuing the
firm’s comeback. The managed futures shop, which
is headquartered in Boca Raton, Fla., now runs
$301 million as of July, a long way from the $3.5 billion it
managed in 2005.
Elias joined JWH from the Family Office Institute in West
Palm Beach, Fla., where he was a partner advising wealthy
Americans and Asians on manager selection and portfolio
Elias’ hire is part of JWH’s
recent push to raise money from institutional investors. In
January 2010, the then-$270 million firm launched three
ISSN: 2151-1845 / CDC10004H
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