John W. Henry & Co., the financial trading firm owned by the Red Sox owner, has informed clients it will stop managing their assets on Dec. 31.
The company managed more than $2.5 billion in 2006. That has fallen to less than $100 million according to the Associated Press and the Wall Street Journal.
Henry has said in the past that the firm’s dwindling assets have no effect on the Red Sox. Henry also has strongly denied several reports by Fox Business Network that he is looking to sell the team.
Henry has kept a low profile with the Red Sox in recent weeks. He did not make himself available to reporters when Bobby Valentine was fired or when John Farrell was hired to replace him as manager. His last Twitter post was July 16.