Trend Follower John Henry Assets Drop 80% In Year!!!

Buy1Sell2 · Jul 16, 2007

Most sharp people here at ET understand that MS is making a joke when he slams trend following. I am fairly certain that trend following is indeed what he does and the trades posted here at ET are actually the opposite of the trades that are being made by MS. --I am not certain what is being gained from this strategy, but hat's off, he has suckered several folks in.

Stevie_G_5 · Jul 16, 2007

Quote from Buy1Sell2:

Most sharp people here at ET understand that MS is making a joke when he slams trend following. I am fairly certain that trend following is indeed what he does and the trades posted here at ET are actually the opposite of the trades that are being made by MS. --I am not certain what is being gained from this strategy, but hat\'s off, he has suckered several folks in.
More...

Do you actually think that\'s the case.. Please explain. .

JimmyJam · Jul 16, 2007

Quote from Stevie_G_5:

Do you actually think that\'s the case.. Please explain. .
More...

Just read his journal, that'll be explanation enough.

FWIW, B1S2 absolutely nailed it, some of the worst "trading" I've ever seen, hell, I have more respect for Lotto players.

JJ

sammybea · Sep 25, 2007

http://www.thebostonchannel.com/sports/14200469/detail.html

Apparently, John Henry still has a few dollars left to blow.

mschey · Sep 25, 2007

Quote from marketsurfer:

I find the last paragraph where JWH explains the situation as a dearth of long term trends as an excuse most telling.

look at any charts of the assets JWH trades--- sure "looks" like substantial trends in these markets. Obviously, trend following is nothing more than guessing direction, holding and hoping.

JWH can't find the trend with all his resources, money and access----- even though these "trends" are very clear in hindsight.

The myth continues......

surf
More...

FWIW....JH has made about 500 times more then you trading the markets, I wouldn't call that a myth....it's more the stuff legends are made of!

ninner · Nov 1, 2023

Does anyone know jwh mechanical system?? I believe I read somewhere he would buy or sell x% from the bottom or top.. same as Dunn.

leonel · Nov 3, 2023

marketsurfer said:
John Henry Assets Under Management Drop 80% in Year, WSJ Says
2007-05-29 05:52 (New York)

By Alan Purkiss
May 29 (Bloomberg) -- John W. Henry & Co., a U.S.
investment firm that's performed badly for more than a year,
will lose $600 million from Merrill Lynch & Co. this week,
leaving it with $500 million under management, the Wall Street
Journal said in its ``Heard on the Street'' column.
Only a year ago, the Florida-based firm, founded and led
by the man who also owns the Boston Red Sox baseball team,
managed more than $2.5 billion, the newspaper said.
John Henry's biggest investment fund, the Strategic
Allocation Program, has dropped 24 percent in the past year
and more than 9 percent so far in 2007; six other programs
have fallen more than 20 percent, the Journal said.
Henry is a so-called trend follower, who gambles on
significant market moves continuing; however, limited
volatility and a dearth of prolonged trends have hurt him
badly, the newspaper said.
The firm has had talks about affiliating with another
investment manager, but no transaction is imminent, the
Journal said, citing a person close to the matter; Henry,
meanwhile, says he has no plans to abandon the trend-following
strategy or to close the firm, the Journal added.

(Wall Street Journal 5-29, C1)
More...

Investors pick up the tab, Henry still collecting his 2,5% management fee. What a great business model

ninner · Nov 8, 2023

leonel said:
Investors pick up the tab, Henry still collecting his 2,5% management fee. What a great business model
More...

You didn’t answer my question??