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