JWH hurt in July


The sudden stop of trends as well as reversals of others, in addition to non-trending bond markets, have made it tough for CTAs in recent months, as many have posted losses in the wake of sudden reversals. But some market watchers say that while the current environment is not pleasant to go through, CTA managers and investors should not panic, as the period is not particularly unusual when placed in a historical context. John W. Henry's JWH Financial and Metals Portfolio had an exceedingly difficult month, posting a staggering 10.59% loss in July, bringing its year-to-date loss to