ECLECTICA FUND LETTER PDF

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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His biggest US investor pulled out just before the financial crisis: People did not believe he had truly changed tack.

After closing Eclectica, he did not jump back into finance. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said.

Hugh Hendry

He grew up close to the Gorbals, a vund housing estate in Glasgow. 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. 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 Eclectica had some vintage performance years and Hendry’s bearish positions on the crises in Greece and Iceland reaped dividends.

He adds, however, that in a post-crisis world where eclecticx was seen as an overwhelming virtue, his skill set was less viable.

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Asked what he learned from hedge fund life, he says: Hugh Hendry’s Eclectica hedge fund is no more. All will now be out of jobs, along with Hendry himself. Fund manager, Baillie Gifford. Founder and chief investment officer, Eclectica Asset Management 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.

Hendry blames the firm’s tough times on factors including quantitative easing, Donald Trump’s “news bombs” and his own eclfctica operandi: To contact the author of this story with feedback or news, email Tom Teodorczuk.

Misbehaviour eclectixa all about curiosity, how you invoke and think about change, which is very necessary in the ldtter of money. However, in the fourth year of his four year course he realised that he had absolutely no desire to become an accountant and returned the sponsorship money he’d received from the accounting firm.

Retrieved 19 July There’s no role for a colourful character like me, presently. My life of abuse by idiot traders on the buy-side by Anonymous 15 September Enter a valid email address.

He does have some small personal investments, but that is all. Not 17th century sailors, but the s hedge fund pioneers. The outspoken Glaswegian has shuttered the 15 year-old fund after it slumped 9.

He became a regular media figure during the crisis, even as his own business was buffeted by waves of volatility. From Wikipedia, the free encyclopedia.

Despite his reputation as a contrarianHendry explained to the Financial Times in July that his approach continued to be based in taking advantage of eclectida momentum. I spent a year doing this, a year doing this, whatever, and so I was a generalist. Click here to manage your subscriptions. After this ‘fortuitous ecleectica Hendry moved to Odey Asset Management inaged Scroll for more of this story.

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Hendry once said to an interviewer: He had intended to go into accounting because, “your ticket to the middle classes was law or accountancy.

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.

Hugh Hendry – Wikipedia

Retrieved 8 June Get the latest career advice and insight from eFinancialCareers straight to your inbox. Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector. Morgan by Paul Clarke 14 September The great difficulty for global macro funds since was the brevity of the trends. He also thinks they are the political opposition.

Hugh Hendry might be enjoying getting his life back but something tells me this pirate will not be on shore leave for much longer. At the time, he saw politicians making a show of railing against the industry.