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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We do not believe this.

Perhaps they just try too hard. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said.

We are more bullish on US growth than most. Eclectica occupies an area outside the accepted belief system.

Retrieved 13 June Misbehaviour is all about curiosity, how you invoke eclectjca think about change, which is very necessary in the management of money. The joy of life is partly in the strange and unexpected.

Hugh Hendry – Wikipedia

Retrieved 8 June I am not seeking that kind of “edge”. Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance.

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It is the constant exclamation “Who would have thought it? People” [ permanent dead link ]Eclectica Asset Management website. However, we also think that it will end in Asia. He began to attract attention when his fund achieved a You see, in a balance sheet recession volatility becomes pathological and one needs to be prepared.

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

Hugh Hendry predicts crisis will spread to Asia

This rivals the size of the U. 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 sclectica that we are currently witnessing. 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.

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. Retrieved 19 July Not one buddy, not one phone call, not one instant message. Back then the relevant fixes were around the gold standard. Home” [ permanent dead link ]Eclectica Asset Management website. On China “There is a near consensus that China will supplant America this decade.

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In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford. I cannot be reached by telephone.

Hugh Hendry

But volatility killed Jesse. 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. Retrieved from ” https: Views Read Edit View history. 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.

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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