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The Boston Globe

Business

Henry to shutter investment firm, return clients’ money

Firm has less than $100m in funds left

Red Sox principal owner John Henry is shutting down his Florida investment firm, a business that once had $2.5 billion under management and helped him build a formidable sports empire, but never came back from declines during the financial crisis.

With less than $100 million in funds left, Henry said his firm, John W. Henry & Co., has told clients it plans to return the rest of their money by year’s end. The Boca Raton, Fla., company, founded in 1982, will continue to manage Henry’s personal account.

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