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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People did not believe he had truly changed tack. Odey invited Hendry to dinner and reportedly told him: In an interview five years agoHendry says he was pretty unemployable in London after leaving Credit Suisse: The outspoken Glaswegian has shuttered the 15 year-old fund after it slumped 9. Letetr director of international equities, Credit Suisse Asset Management In Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford.

Odey was also no fan of how the industry has evolved, Hendry adds. Hendry studied Accounting and Economics at Strathclyde.

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Partner, Odey Asset Management He began to attract attention when his fund achieved a Fund manager, Odey Asset Management The theory that will take artificial intelligence to the trading floor Morning Coffee: Hugh Hendry, 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.


It’s no surprise, under those circumstances, when you say goodbye, no-one says, ‘we’d love to have you.

When he first joined, he told The Hedge Fund Journal that he spent 12 months ‘paying his dues’, ‘keeping quiet’ and ‘soaking up what was going on. This page was last edited on 11 Novemberat Hendry was born in GlasgowScotland, in and graduated from Strathclyde University in with a BA in economics and finance.

For the moment, Hendry the hedge fund manager is out of action.

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Please click the verification link in your email to activate your newsletter subscription. Views Read Edit View history. Retrieved from ” https: Founder and chief investment officer, Eclectica Asset Management I spent a year doing this, a year doing this, whatever, and so I was a generalist. Please click the verification link in your email to activate your newsletter subscription Click here to manage your subscriptions.

After the crisis, Hendry was riding high. It’s bad luck to communicate with genius,” he told Investor’s Chronicle.

Hendry once said to an interviewer: Get the latest career advice and insight from eFinancialCareers straight to your inbox. He compares his investment philosophy to the famous quote from iconic footballer Eric Cantona: Asked what he learned from hedge fund life, he says: 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.

The great difficulty for global macro funds since was the brevity of the trends.

Newsletter sign up Get the latest career fuhd and insight from eFinancialCareers straight to your inbox Sign up. It’s and Deutsche Bank would like everyone to calm down. His father worked as a lorry driver and he was the first member of his family to go to university. Can I tell you about the real world? All will now be out of jobs, along with Hendry himself.


Scottish hedge fund manager Hendry calls time on Eclectica | Reuters

According to the Independenthe was ‘labelled ecoectica troublemaker. Fund manager, Baillie Gifford. 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.

The partner warned him that he would regret it as long as he lived.

Scottish hedge fund manager Hendry calls time on Eclectica

Can Hugh Hendry teach us to love hedge funds? It’s war, real-life drama, and you mistakenly think you’re going to die eclectuca you’re wrapped up in it, which is so preposterous. At the time, he saw politicians making a show of railing against the industry. He stayed there for eight years and managed funds in the US and British teams.

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.