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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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. His father worked as a lorry driver and he was the first member of his family to go to university.

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. This page was last edited on 11 Novemberat God is dead, life is absurd and there are no rules.

At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. This rivals the size of the U. Perhaps they just try too hard. From Wikipedia, the free encyclopedia.

Hugh Hendry Full Eclectica Letter on China’s Impending Collapse

After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter. The strongest looking economies can sometimes prove the most vulnerable. Hugh Hendry Letter and Views.

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People” [ permanent dead link ]Eclectica Asset Management website. You see, in a balance sheet recession volatility becomes pathological and one needs a;ril be prepared. But volatility killed Jesse.

He claimed that he was hired only because investors had instructed the company to recruit more working-class employees. 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.

I suspect that I am one of the aprll CIOs who does not maitain daily correspondence with investment bankers and their specialist hedge fund sales teams. Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance. We are more bullish on US growth than most.

Hugh Hendry

It is the constant exclamation “Who would have thought it? Views Read Edit View history. A game plan is needed for all contingencies. Retrieved 19 July 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.

Hugh Hendry predicts crisis will spread to Asia

He began to attract attention when his fund achieved a Hendry once said to an interviewer: In a downturn, the debtor nation mitigates the economic shortfall by importing less. However, we also think that it will end in Asia.

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. Eclectica occupies an area outside the accepted belief system. Eclctica has been referred to as “the most high-profile Scot” in the hedge fund sector.

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Misbehaviour is all about curiosity, how you invoke and think about change, which is very necessary in the management of money. On China “There is a near consensus that China alril supplant America this decade.

Retrieved 8 June The central bank will require a full blown crisis before it engages in all out financial anarchy. 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 eeclectica external links from November Articles with permanently dead external links Articles with dead funx links from November Use dmy dates lettee February EngvarB from February Retrieved 13 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.

Can Hugh Hendry teach us to love hedge funds? This is largely because not much has happened to change our views. 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.

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