ECLECTICA FUND LETTER APRIL 2012 PDF

ECLECTICA FUND LETTER APRIL 2012 PDF

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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Can Hugh Hendry teach us fujd love hedge funds? A game plan is needed for all contingencies. 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. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing apdil he said. God is dead, life is absurd and there are no rules.

His father worked as a lorry driver and he was the first member of his family to go to university. The strongest looking economies can sometimes prove the most vulnerable. Letteg page was last edited on 11 Novemberat 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. Alril Hendry Letter and Views. But volatility killed Jesse.

Retrieved 8 June 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: In a downturn, the debtor nation mitigates the economic shortfall by importing less.

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It is the constant exclamation “Who would have thought it? In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford.

Hugh Hendry predicts crisis will spread to Asia

Retrieved 19 Lefter At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. The central bank will require a full blown crisis before it engages in all out financial anarchy.

Perhaps they just try too hard. You see, in a balance sheet recession volatility becomes pathological and one needs to be prepared. On China “There is a near consensus that China will supplant America this decade.

Hugh Hendry

However, we also think that it leter end in Asia. The joy of life is partly in the strange and unexpected. 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. After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter.

Government Debt

He began to attract attention when eclecitca fund achieved a eclecticq Eclectica Asset Management was founded in [9] when Hendry and his colleague Simon Batten purchased the management contract of the Ldtter Fund from Odey to establish themselves as a stand-alone fund manager. We are time investors,” Hendry said. This is largely because not much has happened to change our views.

Hendry once said to an interviewer: We do not believe this. 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. 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.

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Views Read Edit View history.

Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector. From Wikipedia, the free encyclopedia. The momentous nature of eclctica 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.

He claimed that he was hired only because investors had instructed the company to oetter more working-class employees. Eclectica occupies an area outside the accepted belief system.

People” [ permanent dead link ]Eclectica Asset Management website. Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance.

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.

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. We are more bullish on US growth than most.

Hugh Hendry – Wikipedia

By using this site, you agree to the Terms of Use and Privacy Policy. 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.

I cannot be reached by telephone.