Red Sox' Henry Getting Out Of Money Management Business
Boca Raton, Fla.-based trading firm John W. Henry & Co., controlled by FSG Chair John Henry, “told clients it will stop managing their money at year-end amid dwindling assets and slumping returns.” The firm "scored big gains earlier in its existence," helping FSG buy the Red Sox. But Henry “hasn't had a hands-on role" in recent years (WALL STREET JOURNAL, 11/10). Henry in an e-mail wrote the firm’s decline has “caused a number of potential investors to call” about whether he would sell the Red Sox. Henry: “My answer has been that I’m not interested in selling any portion of my ownership" (BOSTON GLOBE, 11/10).