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.
| Author: | Kazinris Kakora |
| Country: | Switzerland |
| Language: | English (Spanish) |
| Genre: | Politics |
| Published (Last): | 9 April 2008 |
| Pages: | 255 |
| PDF File Size: | 16.27 Mb |
| ePub File Size: | 18.99 Mb |
| ISBN: | 502-3-98092-498-5 |
| Downloads: | 75856 |
| Price: | Free* [*Free Regsitration Required] |
| Uploader: | Meztigis |
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 eclectjca s and s.
He claimed that he was hired only because investors had instructed 20012 company to recruit more working-class employees. We are more bullish on US growth than most.
Hugh Hendry predicts crisis will spread to Asia
Retrieved 13 June 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.
However, we also think that it will end in Asia.
By using this site, you agree to the Terms of Use and Privacy Policy. 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 eclectifa February Fumd from February Retrieved from ” https: Hendry once said to an interviewer: The strongest looking economies can sometimes prove the most vulnerable.
You see, in a balance sheet recession volatility becomes pathological and one needs to be prepared. This page was last edited on 11 Novemberat We do not believe this.
Hendry has become known in the United Kingdom for his outspoken commentary on the financial crisis. We are time investors,” Hendry said. From Wikipedia, the free encyclopedia. On China “There is a near consensus that China will supplant America this decade.
I suspect that Eclcetica am one of the few CIOs who does not maitain daily correspondence with investment bankers and their specialist hedge fund sales teams.
You are being redirected
He began to attract attention when his fund achieved a At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. On an episode of the BBC ‘s Eclectiva programme aired on 9 AprilHendry began his response to comments by the Nobel Prize—winning economist Joseph Stiglitz on the financial position of Paril by saying, “Erm, hello.
I am not seeking that kind of “edge”. Retrieved 8 June 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. Eclectica occupies an area outside the accepted belief system.
It is the constant exclamation “Who would have thought it? After two years of silence, Hugh Hendry is back and still at his best with a new aprli and lettwr letter. 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.
Wait until Chinese growth has unmistakably faltered. Home” [ permanent dead link ]Eclectica Asset Management website. Misbehaviour is all about curiosity, how you invoke and think about change, which is very necessary in the management of money.
Government Debt
In a downturn, the debtor nation mitigates the economic shortfall by importing less. Instead, my weapons are irony and paradox. 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. Not one buddy, not one phone call, not one instant message. Retrieved 19 July This rivals the size of the U. God is dead, life is absurd and there are no rules. Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance.
Back then the relevant fixes were around the gold standard. His father worked as a lorry driver and he was the first member of his family to go to university. The joy of life is partly in the strange and unexpected. People” [ permanent dead link ]Eclectica Asset Management website. Can Hugh Hendry teach us to love hedge funds? 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.
Hugh Hendry Letter and Views. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said. I cannot be reached by telephone.
In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford.