ECLECTICA FUND LETTER PDF

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Here, without comment is Hugh Hendry’s Letter to Investors for Q1 The Eclectica Fund – Q1 Review The Fund returned % (net). Hugh Hendry, founder and CIO of Eclectica Asset Management, have made the difficult decision to close the Fund,” Hendry said in the letter. Hugh Hendry (born March ) is the founding partner and, at various times, the chief investment officer, chief executive officer and chief portfolio manager of.

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He stayed there for eight years and managed funds in the US and British teams. After the crisis, Hendry was riding high. He was really not a nice guy and he definitely had an agenda off-camera”. It’s war, real-life drama, and you mistakenly think you’re going to die because you’re wrapped up in it, which is so preposterous.

Hendry has become known in the United Kingdom for his outspoken commentary on the financial crisis. To contact the author of this story with feedback or news, email Tom Teodorczuk. Cannot load job sectors at this time. Can Hugh Hendry teach us to love hedge funds?

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Spending money does not appear to be it; he likens his current situation to being a member of the pranksterish pop group The KLF, who famously burned a million pounds. The outspoken Glaswegian has shuttered the 15 year-old fund after it slumped 9. Associate director of international equities, Credit Suisse Asset Management Please click the verification link in your email to activate your find subscription. As it turns out, renting his island property was as taxing as running a hedge fund: Hendry blames the eclecfica tough times on factors including quantitative easing, Donald Trump’s “news bombs” and his own modus operandi: Here’s what you didn’t know about the UK’s most colourful ex-hedge fund manager.

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I’d never short something that was going up.

Retrieved 13 June Hugh Hendry’s Eclectica hedge fund is no more. Lftter once said to an interviewer: Hendry says their relationship moved into a ‘second phase’ characterised by the realisation that Odey wasn’t infallible and characterised by the notion that, “That is an interesting view you’re giving me, here’s what I think.

Popular job sectors Popular job sectors Loading 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.

Home” [ permanent dead link ]Eclectica Asset Management website. I spent a year doing this, a year doing this, whatever, and so I was a generalist. Retrieved 8 June InHendry claims to have been the first non-Oxbridge graduate to get a job at Edinburgh-based fund manager Baillie Gifford known for its graduate training programme. He became an unlikely spokesman for the industry, getting into spats on Newsnight with economists Joseph Stiglitz and Jeffrey Sachs over the ethics of short-selling.

He would like to publish his Eclectica investment letters as a book. Retrieved from ” https: Hendry studied Accounting and Economics at Strathclyde. At the LSE Alternative Investments Conference induring a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. Can I tell you about the real world? Hugh Hendry might be enjoying getting his life back but something tells me this pirate will not be on shore leave for much longer.

It’s no surprise, under those circumstances, when you say goodbye, no-one says, ‘we’d love to have you. Fund manager, Baillie Gifford. In a letter to investors he said he’ll sit out of trading until the next downturn, but said he’s optimistic about the global economy.

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He grew up close to the Gorbals, a notorious housing estate in Glasgow. After closing Eclectica, he did not jump back into finance. At the time, he saw politicians making a show of railing against the industry. He had intended to go into accounting because, “your ticket to the middle classes was law or accountancy. Asked what he learned from hedge fund life, he says: He became fujd regular media figure during the crisis, even as his own business was buffeted by waves of volatility.

An audience with Hugh Hendry: ‘We need more pirates’

He adds, however, that in a post-crisis world where stability was seen as an overwhelming virtue, his skill set was less viable. Fund manager, Odey Asset Management Odey invited Hendry to dinner and reportedly told him: He has since decided to move to Paris, and says his challenge is to find out what makes him happy.

The great difficulty for global macro funds since was the brevity of the trends. According to the Independenthe was ‘labelled a troublemaker.

In an interview five years agoHendry says he was pretty unemployable in London after leaving Credit Suisse: According to this article in the Independent, Hendry was the first in his family and one of the only people at his school to go to university. There’s no role for a colourful character like me, presently. After this ‘fortuitous encounter,’ Hendry moved to Odey Asset Management inaged No long-distance commuting after Brexit How to stay married when you work in banking.