Eclectica Asset Management | Hedge Fund Tracker Notes

Eclectica Asset Management

Eclectica Asset Management | Notes

The following piece on Eclectica Asset Management and Hugh Hendry (shown left) is being published as part of our daily effort to track hedge funds in the industry. To review other hedge fund research notes please see our Hedge Fund Tracker Tool.

Resource #1: (2.3.09)

Resource #2: (12.1.08) Popular legend has it that hedge fund managers are shy, secretive creatures who live in perpetual fear of the glare of media attention. By some distance, that description does not apply to Hugh Hendry, founding partner and chief investment officer of Eclectica Asset Management, a London-based boutique.

Fresh from presenting a television documentary on the origins of the global credit crunch and fending off death threats from irate Icelanders angered by his comments about Reykjavik’s banking sector, Mr Hendry is raising his head above the parapet once more.

And, contrarian to the core, his message does not make pleasant reading for an industry under fire and which is rapidly contracting as redemptions reach record levels.

“Hedge funds are destined to go from whence they came. They are going to get smaller again because the returns have been so disappointing. Most principals cannot believe they did not see [the credit crunch] coming. They are shaken to the core by the money they have lost. Their confidence has gone, their stomach for it has gone and they just don’t need it. They will view this as the final straw.” source

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