Money and Finance
- Hugh Hendry Quote
Found via The Big Picture. “I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's gonna be. I have no idea. That’s my existentialism. I am a student of uncertainty. I have no idea where...
- Keeping An Eye On Wealth Creation
Thanks to Will for passing this along. Eclectica's acquired a nice reputation among contrarian investors, thanks to some enviable results. The London-based Eclectica Asset Management saw a 12% return last year in its flagship Eclectica hedge fund,...
- Eclectica’s Hendry Turns Greece Profit Into China Failure Wager
Found via market folly.Hugh Hendry is a man worried about the future. Although the hedge-fund manager beat more than 80 percent of his peer group rivals in 2010, Hendry laments that he’s part of an oppressed minority -- and likens the threat of hedge-fund...
- An Outspoken Man In A Secretive Trade
Hugh Hendry has a big mouth, as Hugh Hendry will tell you. With a sharp wit and a sharper tongue, Mr. Hendry, a plain-spoken Scot, has positioned himself as the public contrarian thinker of this city’s very private hedge fund community. The euro? It’s...
- The Eclectica Fund: Manager Commentary, May 2010
Via Market Folly:Hugh Hendry just released the May market commentary from his Eclectica hedge fund. We haven't checked in on Hendry since his March update when we saw he liked Annaly Capital Management (NLY), but his time around we get much more in-depth...
Money and Finance
Hendry – ‘Bad things are going to happen’
Hugh Hendry is lying low. The Glaswegian founder of $800m hedge fund Eclectica stepped out of the limelight last year after a series of feisty television appearances made him Britain’s best-known hedge fund manager.
In a debate on Newsnight in 2010 Mr Hendry told Joseph Stiglitz, the Nobel laureate economist, “Um, hello? Can I tell you about the real world?” And, after a pugnacious appearance on the BBC’s Question Time, he briefly became the most-talked about person on Twitter.
For the genteel, wealthy investors in his funds, it was all a bit too much. So Mr Hendry stopped all media appearances and concentrated on making money. His $460m flagship fund gained 12.1 per cent over 2011 and is up about 3 per cent so far this year. It has returned a compound annual growth rate of almost 10 per cent since inception in 2002, performing best during bear markets.
“What I found was that when I speak in person, and especially when it’s television and timing is so acute, it gives the impression that I am cavalier and, if you will, full of myself,” says Mr Hendry, speaking by phone from his office in Bayswater, central London.
“The danger when people look at that from a distance is that they try to align that with the guy that they’ve just given $50m or $75m to and it’s not the same person.”
……………..
Related previous post: Hugh Hendry: The Eclectica Fund: Manager Commentary, April 2012
- Hugh Hendry Quote
Found via The Big Picture. “I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's gonna be. I have no idea. That’s my existentialism. I am a student of uncertainty. I have no idea where...
- Keeping An Eye On Wealth Creation
Thanks to Will for passing this along. Eclectica's acquired a nice reputation among contrarian investors, thanks to some enviable results. The London-based Eclectica Asset Management saw a 12% return last year in its flagship Eclectica hedge fund,...
- Eclectica’s Hendry Turns Greece Profit Into China Failure Wager
Found via market folly.Hugh Hendry is a man worried about the future. Although the hedge-fund manager beat more than 80 percent of his peer group rivals in 2010, Hendry laments that he’s part of an oppressed minority -- and likens the threat of hedge-fund...
- An Outspoken Man In A Secretive Trade
Hugh Hendry has a big mouth, as Hugh Hendry will tell you. With a sharp wit and a sharper tongue, Mr. Hendry, a plain-spoken Scot, has positioned himself as the public contrarian thinker of this city’s very private hedge fund community. The euro? It’s...
- The Eclectica Fund: Manager Commentary, May 2010
Via Market Folly:Hugh Hendry just released the May market commentary from his Eclectica hedge fund. We haven't checked in on Hendry since his March update when we saw he liked Annaly Capital Management (NLY), but his time around we get much more in-depth...