You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

5

0

▼  3rd Inning 0 outs

Red Sox owner John Henry to shutter trading firm

Red Sox principal owner John Henry at a game this past season.

John Tlumacki/Globe Staff/File 2012

Red Sox principal owner John Henry at a game this past season.

BOSTON, Nov 9 (Reuters) - John Henry, who made a fortune in commodities large enough to become principal owner of the Boston Red Sox, plans to close his trading firm to outside investors at the end of the year.

John W. Henry & Co Inc, based in Boca Raton, Florida, “has determined to cease managing client assets effective December 31st, 2012,” the firm said on its web site. “JWH will continue to engage in proprietary trading and research.”

Continue reading below

The firm did not immediately respond to a request for comment.

Henry along with television producer Tom Werner and a group of limited partners bought the Red Sox franchise for $700 million in 2002. In September, Henry denied reports that the team was for sale.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com