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.
Dodgers third baseman Justin Turner left Monday’s Cactus League game against the Athletics after he was hit by a pitch. He went for X-rays, revealing that he suffered a broken wrist, Bill Shaikin of the Los Angeles Times reports. Shaikin adds that Turner is unlikely to return before May, noting that Braves first baseman Freddie Freeman missed six weeks with a similar injury last year and Astros outfielder George Springer missed nine weeks in 2015.
Needless to say, this is a huge loss for the Dodgers. Last year, Turner hit .322/.415/.530 with 21 home runs and 71 RBI in 543 plate appearances, helping the Dodgers reach the World Series. He made the All-Star team for the first time in his career and finished eighth in NL MVP balloting.
Thankfully, the Dodgers have some versatile players on the roster. Logan Forsythe could move from second base to third, giving Chase Utley more playing time at second. Enrique Hernandez could man the hot corner as well. Chris Taylor has played some third base, or he could shift to second base in Forsythe’s stead. The club should shed some light on how it plans to move forward following Turner’s injury.