Clients were informed of the turn of events today in a rather terse email that may or may not have concluded, “So that’s all, don’t let the door hit you on the way out.”

John W. Henry & Co., a trading firm controlled by the principal owner of baseball’s Boston Red Sox, told clients it will stop managing their money amid dwindling assets and slumping returns. “This is to notify you that JWH has determined to cease managing client assets effective December 31, 2012,” Amy B. Hanson, a marketing manager of the firm, wrote in an email to clients on Friday. “We will not be providing performance information going forward.”

John W. Henry to Stop Managing Client Money [WSJ]

Comments (26)

  1. Posted by brass | November 9, 2012 at 2:23 PM

    << Insert sad trombone sound>>

  2. Posted by guest | November 9, 2012 at 2:25 PM

    Hedge Fund Hunger Games cannon just fired! May the odds be ever in your favor.

  3. Posted by Nervous Jew | November 9, 2012 at 2:26 PM

    Those murder gloves and vacant shark like eyes make me very nervous.

  4. Posted by guest | November 9, 2012 at 2:29 PM

    Dispatching the marketing chick to make the call is particularly cold.

  5. Posted by Bongo | November 9, 2012 at 2:48 PM

    Super Hot Marketing Chick!

  6. Posted by Alt_EST | November 9, 2012 at 2:37 PM

    John W. Henry, principal owner of baseball’s Boston Red Sox, and a professional money manager, told fans he will stop managing the team amid dwindling performance and slumping batting averages. “This is to notify you that Mr. Henry has determined to cease managing the team effective September 15, 2011,” Amy B. Hanson, a marketing manager of the team, wrote in an email to the Boston Courier on Friday. “We will not be providing performance going forward.”

    -Articles Not Written, but Possibly True

  7. Posted by guest | November 9, 2012 at 3:02 PM

    From the man who brought you the strategy Long Carl Crawford, Short Starting Pitching.

    - Guy who doesn't care that John Henry isn't the GM

  8. Posted by Headline Correction | November 9, 2012 at 3:05 PM

    "John W. Henry to finally admit he stopped managing client's money years ago…" Corrected title of article.

  9. Posted by CBOT | November 9, 2012 at 3:06 PM

    Guy was a real pioneer in managed futures.

    I don't fault older men like this for wanting to travel or watch and own sports instead of dicking around in meetings all day.

  10. Posted by Caddyshack input | November 9, 2012 at 3:07 PM

    "Hey Whitey, Where's your hat?" – person who knows JWH is known to wear hats and is also a huge fan of Caddyshack

  11. Posted by Lynn Tilton | November 9, 2012 at 3:09 PM

    Tell me more about this Long Carl Crawford.

  12. Posted by CBOTch | November 9, 2012 at 3:12 PM

    Guy was a real pioneer in jamming clients for 8% fees plus brokerage which all died when the interest income on the collateral accounts went to subzero. He was the leader of the 2 out of 3 rule club: The manager gets paid, the broker gets paid, the client? Oh well, 2 out of 3…

  13. Posted by PB General Quant | November 9, 2012 at 3:20 PM

    Close, but not quite.

  14. Posted by JWH phoning it in | November 9, 2012 at 2:27 PM

    The article went on to say that the notification letter was sent to all two of JWH's current investors. Only one of whom is not currently on life support at Palm Beach General.

  15. Posted by Employment Quant | November 9, 2012 at 3:21 PM

    Yes, much like making your trader execute your buy and sell orders, making your marketing chick handle unpleasant communications with investors in your $100 million fund (how'd you even afford a marketing chick!?!) is really heinous.

  16. Posted by Net Floss | November 9, 2012 at 3:27 PM

    It's all Terry Francona's fault.

    Thanks a lot, Tito!

    -Amy Hanson

  17. Posted by The Barnacle | November 9, 2012 at 3:32 PM

    Who are you and why are you so nervous? It will be ok.

  18. Posted by RBI Quant | November 9, 2012 at 3:41 PM

    What was worse – Red Sox, September 2011 – 2012 or JWH fund performance?

  19. Posted by CBOT | November 9, 2012 at 3:50 PM

    There is no such thing as a collateral account at an FCM.

    I'm not defending the track record which began to decline well before rates, and generally laughed at all the trend following CTAs which cleared at Man, including our own RMF, on which I had direct real time visibility, and AHL.

    No less he was one of the first to take advantage of what in those early days was perceived as a new unique non correlated investment vehicle if not asset class. The futures brokers made an absolute fortune for those days, especially after the advent of financial futures.

    Maybe John Corzine can invest your margin excess next time you enter a manged futues program.

  20. Posted by guest | November 9, 2012 at 3:53 PM

    You realize that most letters informing investors funds are being close are written by the owner of the firm? Right? Also, LOL at wondering how JWH could afford marketing people, etc…

  21. Posted by All of Miami, FL | November 9, 2012 at 4:02 PM

    Kinda looks like Dr. No, makes us nervous too.

  22. Posted by Guest | November 9, 2012 at 4:38 PM

    Now he can focus on making Liverpool an even worse team.

  23. Posted by Got 'em | November 9, 2012 at 4:40 PM

    uh yeah… what he said!

  24. Posted by Guesteban | November 9, 2012 at 4:47 PM

    Do you like Phil Collins?

  25. Posted by Guest | November 10, 2012 at 1:10 PM

    And that he would be re-opening doors as a family office to manage principal capital, but accepting a few outside clients as well…

    - guy who's seen this switcheroo before

  26. Posted by Johnny Damon | November 10, 2012 at 8:41 PM

    Just another reason that NYC > Boston