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John Henry Shuts Up Shop

It was recently announced that one of the pioneers of managed futures John W Henry was shutting up shop after several difficult years in which his funds under management shrank from $2.5 billion in 2006 to around a $100 million.

This made me wonder two things. Firstly, is there a shelf life to money managers.? Secondly, is buying a sporting team as Henry was prone to doing ( I regard as a vanity purchase) a sure sign that something is about to go wrong?

PS I couldnt help but notice that the side bar of the original link takes you to this article on Larry Williams where he talks about looking back at the highlights in his 50 years of trading. I would have thought one of the highlights was struggling to raise his bail when he was arrested in Sydney a few years ago.

 

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