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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He claimed that he was hired only because investors had instructed the company to recruit more working-class employees.
A game plan is needed for all contingencies. I suspect that I am one of the few CIOs who does not maitain daily correspondence with investment bankers and their specialist hedge fund sales teams. Instead, my weapons are irony and paradox. We are more bullish on US growth than most.
We are time investors,” Hendry said. His father worked as a lorry driver and he was the first member of his family to go to university. Hugh Hendry Letter and Views. Misbehaviour is all about curiosity, how you invoke and think about change, which is very necessary in the management of money.
In a downturn, the debtor nation mitigates the economic shortfall by importing less. From Wikipedia, the free fun. It is the constant exclamation “Who would have thought it?
Hendry eclechica said to an interviewer: Views Read Edit View history. This page was last edited on 11 Novemberat 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.
Home” [ permanent dead link ]Eclectica Asset Management website.
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. Wait until Chinese growth has unmistakably faltered. 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.
Back then the relevant fixes were around the gold standard. In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford. This is largely because not much has happened to change our views.
Value Investing World: Hugh Hendry: The Eclectica Fund: Manager Commentary, April
On an episode of the BBC ‘s Newsnight programme aired on 9 AprilHendry began his response to comments by the Nobel Prize—winning economist Joseph Stiglitz on the financial position of Greece by saying, “Erm, hello. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said.
Hendry has become known in the United Kingdom for his outspoken commentary on the financial crisis. Can I tell you about the real world? God is dead, life is absurd and there are no rules. Eclectica occupies an area outside the accepted belief system. People” [ permanent dead link ]Eclectica Asset Management website. But volatility killed Jesse. 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.
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.
Not one buddy, not one phone call, not one instant message. 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 Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector.
Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance. At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from eclecttica media appearances.
Hugh Hendry predicts crisis will spread to Asia
I eclecticaa not seeking that kind of “edge”. Perhaps they just try too hard. Can Hugh Hendry teach us to love hedge funds? 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. The joy of life is partly in the strange and unexpected. I cannot be reached by telephone.