(Bloomberg) Hugh Hendry, the hedge fund manager known for his provocative statements and contrarian views, is closing his Eclectica Asset Management following a 15 year run that ended with losses. “It wasn’t supposed to be like this,” Hendry said in an investor letter seen by Bloomberg. The fund “became strongly correlated over the short term to the maelstrom of President Trump and the daily news bombs emanating from the Korean Peninsula,” making it impossible to manage small amounts of money, he said. Hendry’s main fund, Eclectica, slumped 9.4 percent this year through August, according to an investor update. The fund’s assets were $30.6 million as of the end of August, while the overall macro strategy had $116 million.
Hugh Hendry Closes Hedge Fund After 15 Years as Losses Mount
This entry was posted in Syndicated. Bookmark the permalink.
