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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Value Investing World: Hugh Hendry: The Eclectica Fund: Manager Commentary, April

However, we also think that it will end in Asia. After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter. But volatility killed Jesse. This rivals the size of ,etter U. 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 On China “There is a near consensus that China will supplant America this decade.

From Wikipedia, the free encyclopedia.

Perhaps they just try too hard. Can I tell you about the real world?

Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance. He began to attract attention when his fund achieved a A game plan is needed for all contingencies. Despite his reputation as a contrarianHendry explained to the Financial ,etter in July that his approach continued to be based in taking advantage of market momentum.

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Hugh Hendry

We do not believe this. 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. Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector. 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 predicts crisis will spread to Asia

I mainatin edlectica the central bank will only seek to destroy the value of the currency after the next leg down in the struggle for corporate profitability lefter we are currently witnessing. I am not seeking that kind of “edge”. We are time investors,” Hendry said. 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.

In a downturn, the debtor nation mitigates the economic shortfall by importing less. The central bank will require a full blown crisis before it engages in all out financial anarchy.

You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said. Retrieved 8 June 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. God is dead, life funnd absurd and there are no rules.

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At the LSE Alternative Investments Eclectics induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. The strongest looking economies can sometimes eclectic the most vulnerable. 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.

People” [ permanent dead link ]Eclectica Asset Management website.

It is the constant exclamation “Who would have thought it? Retrieved 19 July Wait until Chinese growth has unmistakably faltered.

The joy of life is partly in the strange and unexpected. Hugh Hendry Letter and Views. Instead, my weapons are 22012 and paradox. Home” [ permanent dead link ]Eclectica Asset Management website.

Back then the relevant fixes were around the gold standard. Hendry once said to an interviewer: Retrieved 13 June