How is Hugh Hendry doing?
- Thread starter Debaser82
- Start date
Well Bolton raised $750M, so he's not in Paulson's class.
It may be hard for a guy like Paulson to make big money managing $30B, but it hasn't been hard for him to lose big money - biggest funds are down 25-35% this year.
In cases like Paulson and Bolton, it speaks more to their position. They're system guys now - they pick up the phone and can talk to top gov't minsters, central bankers, other fund honchos. They can hire the best analysts from the best banks and b-schools. It's only natural that they become conventional in their thinking and their investments (Sino-forest, it must be legit. We had dinner and played golf with the CEO and the head of the province where they are located, and they seemed like great guys; Bank of America, it must be a great investment, we ran into Tepper in the Hamptons, and he loves it, plus Greenspan told us housing is improving).
Guy like Hendry sits in a room and talks to no one except probably himself.
It may be hard for a guy like Paulson to make big money managing $30B, but it hasn't been hard for him to lose big money - biggest funds are down 25-35% this year.
In cases like Paulson and Bolton, it speaks more to their position. They're system guys now - they pick up the phone and can talk to top gov't minsters, central bankers, other fund honchos. They can hire the best analysts from the best banks and b-schools. It's only natural that they become conventional in their thinking and their investments (Sino-forest, it must be legit. We had dinner and played golf with the CEO and the head of the province where they are located, and they seemed like great guys; Bank of America, it must be a great investment, we ran into Tepper in the Hamptons, and he loves it, plus Greenspan told us housing is improving).
Guy like Hendry sits in a room and talks to no one except probably himself.
Quote from ralph00:
Well Bolton raised $750M, so he's not in Paulson's class.
It may be hard for a guy like Paulson to make big money managing $30B, but it hasn't been hard for him to lose big money - biggest funds are down 25-35% this year.
In cases like Paulson and Bolton, it speaks more to their position. They're system guys now - they pick up the phone and can talk to top gov't minsters, central bankers, other fund honchos. They can hire the best analysts from the best banks and b-schools. It's only natural that they become conventional in their thinking and their investments (Sino-forest, it must be legit. We had dinner and played golf with the CEO and the head of the province where they are located, and they seemed like great guys; Bank of America, it must be a great investment, we ran into Tepper in the Hamptons, and he loves it, plus Greenspan told us housing is improving).
Guy like Hendry sits in a room and talks to no one except probably himself.
Good observation and I agree.
Marc Faber always said, If you wanna know how the economy is doing ask a prostitute.
Maybe the likes of Paulson and Boltons prostitutes are too rich themselves to give them any valuable ground level insights...
Hendry's flagship fund delivered +1.5% in August and +9.9% YTD.
M
morganist
There are loads. There are also some influencial people here too.
Chinese slowdown boosts Hendry's fund
From the FT:
A hedge fund designed to profit from a slowdown in the Chinese economy, run by the London hedge fund manager Hugh Hendry, has soared in value over the past two months as global markets have plummeted and industry peers have suffered damaging losses.
Mr Hendry â a former Odey Asset Management trader â is one of only a handful of hedge fund managers positioned against Chinese growth .....
Mr Hendryâs Eclectica Credit Fund is constructed from a portfolio of short positions against highly cyclical Japanese corporate credits that have high exposure to Chinese demand.
The fund, which raised a modest $150m from a handful of London investors when it launched late last year, is up 38.65 per cent so far this year, having returned 22.5 per cent in August â the hedge fund industryâs worst month since the collapse of Lehman Brothers three years ago.....Mr Hendryâs fund is up a further 11 per cent for September, according to an investor.
http://www.ft.com/cms/s/0/14b63e54-e210-11e0-9915-00144feabdc0.html#ixzz1YxKYOGR1
From the FT:
A hedge fund designed to profit from a slowdown in the Chinese economy, run by the London hedge fund manager Hugh Hendry, has soared in value over the past two months as global markets have plummeted and industry peers have suffered damaging losses.
Mr Hendry â a former Odey Asset Management trader â is one of only a handful of hedge fund managers positioned against Chinese growth .....
Mr Hendryâs Eclectica Credit Fund is constructed from a portfolio of short positions against highly cyclical Japanese corporate credits that have high exposure to Chinese demand.
The fund, which raised a modest $150m from a handful of London investors when it launched late last year, is up 38.65 per cent so far this year, having returned 22.5 per cent in August â the hedge fund industryâs worst month since the collapse of Lehman Brothers three years ago.....Mr Hendryâs fund is up a further 11 per cent for September, according to an investor.
http://www.ft.com/cms/s/0/14b63e54-e210-11e0-9915-00144feabdc0.html#ixzz1YxKYOGR1
Hendry is no longer the CEO of Eclectica. He's the CIO, and his CEO has banned him from media.
Read more: http://www.businessinsider.com/hugh-hendry-critical-debate-eurozone-crisis-2011#ixzz1Z0JwfoNt
Read more: http://www.businessinsider.com/hugh-hendry-critical-debate-eurozone-crisis-2011#ixzz1Z0JwfoNt