Hedge Funds

John Henry in Major League spat over trade


Managed futures giant John W. Henry is calling for market controls of a sort. Henry, who is also owner of the Boston Red Sox, was furious that George Steinbrenner, owner of arch rivals the New York Yankees, out-maneuvered him in a $112 million bid to bring pitcher Alex Rodriguez to play in the Bronx. Henry publicly called for salary limits to keep the cash-rich Yankees from draining all Major League talents. The comments sparked a Major League spat between the team owners that made headlines in tabloids in Boston and New York. Steinbrenner called Henry a "failure" and