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14

Hugh Hendry Closes Hedge Fund After 15 Years as Losses Mount

By Tony Seruga

Eclectica Fund lost 9.4 percent this year through August
Hendry gained fame by betting against banks during crisis

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…

Hugh Hendry Closes Hedge Fund After 15 Years as Losses Mount

Categories : Hedge Funds

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