John Henry to close CTA shop

November 9, 2012 06:36 AM
End of an era

John W. Henry, one of the founding fathers of managed futures and the systematic trend following approach to trading futures, will stop managing customer funds at the end of this year according to a message sent from his firm's,  John W. Henry & Company Inc., Boca Raton office.

The brief message stated:  "This is to notify you that JWH has determined to cease managing client assets effective December 31, 2012.  Trading in the normal course of business will continue until then.  JWH will continue to engage in proprietary trading and research. We will not be providing performance information going forward. You can remove our programs/Funds from your database.  Please let me know if you have any questions."

Bucky Isaacson, co-founder of CTA Expo and one of the founders of the predecessor to the Managed Funds Association (MFA) says, “It is the end of an era. He was one of the original guys that were there.”

Isaacson says the response he is getting from people is surprise. “What do you say, it is like a funeral. He was one of the pioneers and he was one of the innovators, he helped make MFA a vibrant organization and helped a lot of guys get started in the business.”

Isaacson compares Henry’s influence to that of a coach who launched numerous other coaching careers. “Someone like Bill Walsh [launched the careers] of Andy Reid and others who are head coaches. If you did John’s tree, a lot of people that worked for him like Nathan Roberts, Mark Mitchell and some of the others have gone on to do great things in the industry,” he says, adding, “[John Henry] has been a good friend to a lot of people in the industry.”  

Henry, a legend in the business, became better known by many in recent years as the owner of the Boston Red Sox and the man who ended the so called "Curse of the Bambino."

About the Author

Editor-in-Chief of Modern Trader, Daniel Collins is a 25-year veteran of the futures industry having worked on the trading floors of both the Chicago Board of Trade and Chicago Mercantile Exchange.