Business

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.”

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

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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.