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: Mezshura Akinojar
Country: Cape Verde
Language: English (Spanish)
Genre: Photos
Published (Last): 17 April 2006
Pages: 296
PDF File Size: 9.67 Mb
ePub File Size: 11.26 Mb
ISBN: 459-1-98730-486-4
Downloads: 84400
Price: Free* [*Free Regsitration Required]
Uploader: Julkis

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. Wat is more it is not necessarily the high volatility that is so daunting but rather the great oscillations from eclectiica to low that keep wrong fooring investors. On China “There is a near consensus that China will supplant America this decade. The aprll looking economies can sometimes prove the most vulnerable.

This page was last edited on 11 Novemberat 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. Perhaps they just try too hard.

We still see the global economy as grtesquely fuund by the presence of fixed exchange rates, the unraveling of which is creating financial anarchy, just at it did in the s and s. The momentous eclecticq 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.

  DR XARGLE PDF

Hugh Hendry – Wikipedia

Views Read Edit View history. Retrieved from ” https: A game plan is needed for all contingencies. Hendry has become known in the United Kingdom for his outspoken commentary on the financial crisis. This rivals the size of the U.

He began to attract attention when his fund achieved a This is largely because not much has happened to change our views. 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 an episode eclextica 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.

He claimed that he was hired only because investors had instructed the company to recruit more working-class employees. After two years of silence, Hugh Hendry is back and still at his best with a new investment and shareholder letter. Eclectica occupies an area apriil the accepted belief system. You see, in a balance sheet recession volatility becomes pathological and one needs alril be prepared. I am not seeking that kind of “edge”.

At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his tund have banned him from further media appearances. People” [ permanent dead link ]Eclectica Asset Management website.

You will never see us pursue a homegrown idea when it is to the detriment of funf prevailing trend,” he said.

  IN THE SHADOW OF BLACKBIRDS CAT WINTERS PDF

Can I tell you about the real world? Not one buddy, not one phone call, not one instant message. I cannot be reached by telephone.

Hugh Hendry predicts crisis will spread to Asia

We are more bullish on US growth than most. Hendry once said to an interviewer: By using this site, you agree to the Terms of Use and Privacy Policy. Eclectica Asset Management was lettrr in [9] when Hendry and his colleague Simon Batten purchased the management contract of the Eclectica Fund from Odey to establish themselves as a stand-alone fund manager.

In a downturn, the debtor nation mitigates the economic shortfall by importing less. Retrieved 19 July 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 ecelctica that we are currently witnessing. Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector.

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

Hugh Hendry predicts crisis will spread to Asia | Reuters

Instead, my weapons are irony and paradox. 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. But volatility killed Jesse.