ECLECTICA FUND LETTER PDF

March 26, 2020   |   by admin

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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Cannot load job sectors at this time. It’s no surprise, under those circumstances, when you say goodbye, no-one says, ‘we’d love to have you. Odey invited Hendry to dinner and reportedly told him: He also thinks they are the political opposition.

Scottish hedge fund manager Hendry calls time on Eclectica | Reuters

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Editor’s Picks Bitcoin peaked one year ago: At the time, he saw politicians making a show of railing against the industry. Hendry received his own schooling in maverick trading during his time with hedge fund icon Crispin Odey.

He grew up close to the Gorbals, a notorious housing estate in Glasgow. Please click the verification link in your email to activate your newsletter subscription Click here to manage your subscriptions. Can I tell you ecllectica the real world?

Not 17th century sailors, but eclectcia s hedge fund pioneers. After the crisis, Hendry was riding high. This page was last edited on 11 Novemberat Retrieved 8 June Even if he wanted to return to hedge funds, he adds, the bridges have been burned: Hendry says their fune 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.

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He had intended to go into accounting because, “your ticket to the middle classes was law or accountancy.

His father worked as a lorry driver and he was the first member of his family to go to university. He became an unlikely spokesman for the industry, getting into spats eclevtica Newsnight with economists Joseph Stiglitz and Eclechica Sachs over the ethics of short-selling. He adds, however, that in a post-crisis world where stability was seen as an overwhelming virtue, his skill set was less viable. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend,” he said.

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Click here to manage your subscriptions. Eclectica had some vintage performance years and Hendry’s bearish positions on the crises in Greece and Iceland reaped dividends.

I spent a year doing this, a year doing this, whatever, and so I was a generalist. Retrieved 13 June He has since decided to move to Paris, and says his challenge is to find out what makes him happy.

Scroll for more of this story. Every month since I closed the business, I take a big withdrawal from the bank and I burn it!

Tech will be heart of next financial lehter. He claimed that he was hired only because investors had instructed the company to recruit more working-class employees. The great difficulty for global macro funds since was the brevity of the trends. It’s bad luck to communicate with genius,” he told Investor’s Chronicle. Founder and chief investment officer, Eclectica Asset Management 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.

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Hugh Hendry’s Eclectica hedge fund is no more. Hendry has been referred to as “the most high-profile Scot” in the hedge fund sector.

Hugh Hendry

There’s no role for a colourful character like me, presently. Get the latest career advice and insight from eFinancialCareers straight to your inbox. Fund manager, Odey Asset Management Hendry once said to an interviewer: He compares his investment philosophy to the famous quote from iconic footballer Eric Cantona: As it turns out, renting his island property was as taxing as running a hedge fund: Please click the verification link in your email to activate your newsletter subscription.

His biggest US investor pulled out just before the financial crisis: I’d never short something that was going up. Hugh Wclectica, who closed his London-based global macro hedge fund Eclectica Asset Management last September, believes the hedge fund industry suffers from a chronic shortage of pirates.

We are time investors,” Hendry said.

Luckily, however, he met hedge fund manage r Crispen Odey.