The asset management firm that helped one of the Red Sox’s principal owners to amass his fortune is no more. John W. Henry & Company will shut down at year’s end, the company announced Friday.
The Wall Street Journal reports that Henry’s company managed more than $2.5 billion in 2006, but today oversees less than $100 million. Not all that money was necessarily lost, but it seems safe to suggest that Henry hadn’t been attracting new investors since taking a big hit in the market downturn.
The news figures to touch off a new round of “will the Red Sox be sold” stories, but the fact is that Henry’s company has been weak for four or five years now and shuttering it probably won’t affect his fortunes much.
MLB.com’s Mark Bowman confirms a report from Daniel Álvarez Montes of EVTV Miami that the Braves are calling up outfield prospect Ronald Acuña from Triple-A Gwinnett.
The move is obviously much anticipated and expected, as Acuña is considered the top prospect in baseball among those who hadn’t been called up to the majors yet. Acuña has had a slow start with Gwinnett, as he’s batting only .215/.301/.277 in 73 plate appearances. However, he has turned things around somewhat in recent days, batting .379 with a double and a homer since April 17.
Acuña should be in Wednesday’s starting lineup against the Reds and he should be a lineup regular going forward. The expectations are high for Acuña, who signed with the Braves as an international free agent in July 2014.