Investment company of Red Sox owner will stop managing clients' money

Published November 09, 2012

| Associated Press

An investment company run by the owner of the Boston Red Sox says it will stop managing money for clients.

A notice on the website of John W. Henry & Co. says it will stop managing clients' assets on Dec. 31. The company trades commodities, foreign currencies and debt.

The company has suffered a well-publicized decline in business over the past five years. It assets under management have fallen from $2.4 billion in September 2004 to $188 million this July.

Henry is also the owner of Liverpool, of soccer's English Premier League.

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