JWH funds recover on dollar, energy trends


Many CTAs have had a rocky year, but few more so than the JWH programs, which as systematic trend followers were broadsided by key reversals in currencies and interest rates early this year. Indeed, year-to-date through July, all of the firm's programs are in the red, with some portfolios reporting significant double-digit losses. For the year, the $1.7 billion Strategic Allocation Program was off 16.25%, the $427 million Financial and Metals Portfolio lost 10.78% and the $196 million Dollar Program had declined 13%.

But since May, many JWH programs, managed by John W. Henry & Co. of Boca