Hugh Hendry Letter and Views. After two On the Asset Management. “I meet a lot The Eclectica Fund, April Hugh Hendry After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter. The Eclectica Fund, April , Hugh Hendry. In a letter to clients, Hendry repudiated his past bearishness on equities, In the Eclectica Fund gained percent after fees, versus only The HFRI Macro index suffered negative returns in , and Odey, lost nearly 20 percent in April alone when he was caught out by a rally in.

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Retrieved 19 July Instead, my weapons are irony and paradox. I cannot be reached by telephone. People” [ permanent dead link ]Eclectica Asset Management website. This page was last edited on 11 Novemberat All articles with dead external links Articles with dead external links from November Articles with permanently dead external links Articles with dead external links from November Use dmy dates from February EngvarB from February Retrieved from ” https: His father worked as a lorry driver and he was the first member of his family to go to university.

Can Hugh Hendry teach us to love hedge funds? Can I tell you about the real world? On an episode of the BBC ‘s Apri, programme aired on 9 AprilHendry began his response to comments by the Nobel Prize—winning economist Joseph Stiglitz on the financial position of Greece ecectica saying, “Erm, hello. Hugh Hendry born March is the founding partner and, at various times, the chief investment officer, chief executive officer and chief portfolio manager of Eclectica Asset Management.


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Hugh Hendry Letter and Views

By using this site, you agree to the Terms of Use and Privacy Policy. The momentous nature of recent advances in shale oil and gas extraction and America’s acceptance of the unpleasantness of debt and labour price restructuring looks to us as if it is creating yet another historic turning point.

Perhaps they just try too hard. Eclectica occupies an area outside the accepted belief system. I am not seeking that kind of “edge”. Retrieved 8 June It is not a question of respect, it is just that I prefer not to engage in their perpetual dialogue of determining where the “flow” is. He began to attract attention when his fund achieved a In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford.

Hugh Hendry predicts crisis will spread to Asia

But volatility killed Jesse. Hugh Hendry Letter and Views. Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector.

From Wikipedia, the free encyclopedia. After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter.

Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance. He claimed that he was hired only because investors had instructed the company to recruit more working-class employees. However, we also think that it will end in Asia. We still see the global economy as grtesquely distorted by the presence of fixed exchange rates, the unraveling of which is creating financial anarchy, just at it did in the s and s.

On China “There is a near consensus that China will supplant America this decade. Retrieved 13 June Wat is more it is not necessarily the high volatility that is so daunting but rather the great oscillations from high to low that keep wrong fooring investors.


Home” [ permanent dead link ]Eclectica Asset Management website. We do not believe this.

This is largely because not much has happened to change our views. Not one buddy, not one phone call, not one instant message.

I mainatin that the central bank will only seek to destroy the value of the currency after the next leg down in the struggle for corporate profitability that we are currently witnessing. It is the constant exclamation “Who would have thought it? Wait until Chinese growth has unmistakably faltered.

Despite his reputation as a contrarianHendry explained to the Financial Times in July that his approach continued to be based in taking advantage of market momentum. Back then the relevant fixes were around the gold standard.

In a downturn, the debtor nation mitigates the economic shortfall by importing less. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said. You see, in a balance sheet recession volatility becomes pathological and one needs to be eclectca.

We are time investors,” Hendry said. Eclectica Asset Management was founded in [9] when Hendry and his colleague Simon Batten purchased the management contract of the Eclectica Fund from Odey to establish themselves as a stand-alone fund manager. The joy lettet life is partly in the strange and unexpected.