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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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Eclectica occupies an area outside the accepted belief system. It is the constant exclamation “Who would have thought it? A game plan is needed for all contingencies. God is dead, life is absurd and there are no rules. Can I tell you about the real world? 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.

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. 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 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.

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Retrieved from ” https: This is largely because not much has happened to change our views.

Hugh Hendry

I cannot be reached by telephone. From Wikipedia, the free encyclopedia. We do not believe this.

You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said. This page was last edited on 11 Novemberat The joy of life is partly in the strange and unexpected.

The central bank will require a full blown crisis before it engages in all out financial anarchy. Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance. You see, in a balance sheet recession volatility becomes pathological and one needs to be prepared. In a downturn, the debtor nation mitigates the economic shortfall by importing less.

Can Hugh Hendry teach us to love hedge funds? 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. 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.

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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. But volatility killed Jesse. Home” [ permanent dead link ]Eclectica Asset Management website. 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. This rivals the size of the U.

The strongest looking economies can sometimes prove the most vulnerable. Instead, my weapons are irony and paradox.

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Perhaps they just try too hard. Hendry once said to an interviewer: By using this site, you agree to the Terms of Use and Privacy Policy. In Hendry joined the prestigious Edinburgh investment management ecoectica, Baillie Gifford.