Bloomberg – John W. Henry, founder of futures trader John W. Henry & Co., became the principal owner of the Boston Red Sox in 2002. Two years later the team won its first World Series in 86 years. Three years after that it chalked up a second championship. While the Sox were winning, the firm’s assets were dwindling, falling to $319 million as of Apr. 15 from a peak of $3.4 billion in 2005.
James Pallotta, a Boston-based hedge fund manager who at his peak oversaw more than $11 billion, bought part of the Boston Celtics in December 2002. Six years later the basketball team won the National Basketball Assn. championship. In June 2009, following two years of losses, he closed his Raptor Global hedge funds.
