BOSOX HENRY’S FIRM BLEW $1.7B SINCE 2004 SERIES WIN: Gotta whole mess o’ cash laying around you aren’t using?
Well, THE STREET reports that if you have no interest in keeping that money, Boston Red Sox Owner John Henry is just the man to give it to: “How bad does it look? You can see the figures at Henry’s own Web site, and they are astonishing.
“Since December 2004, his main investment fund has lost a stunning 36%. And according to a report in the May 29 Wall Street Journal Henry’s slide continues, as Merrill Lynch has redeemed $600 million from the firm.”
More specifically, Henry’s investment firm has lost $1.7 BILLION in assets since the Sox won the World Series in 2004.