Hugh Hendry

[winston]

Hedge Fund Manager Hendry Says China Doomsayers Have It Wrong

by Katia Porzecanski

Eclectica's Hendry says China will avoid yuan devaluation

Kyle Bass warned the country will face banking crisis

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... e-it-wrong

[winston]

Hugh Hendry Closes Hedge Fund After 15 Years as Losses Mount

By Katia Porzecanski , Saijel Kishan , and Nishant Kumar

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

Hendry joins hedge fund managers including Eric Mindich, Leland Lim and John Burbank who have shuttered hedge funds this year.

About 259 funds liquidated in the first quarter, according to Hedge Fund Research Inc.

Last year, more hedge funds closed than in any year since the financial crisis, the Chicago-based firm said.

Hendry said he’s optimistic about the global economy and recommended investors remain long.

“For the first time in an age all parts of the world are enjoying synchronised economic momentum and I can’t see it ending for some time,” he wrote in the letter.

Hendry said he doesn’t foresee an abrupt rise in interest rates that would interrupt the equity rally.

Source: Bloomberg

https://www.bloomberg.com/news/articles ... gn=markets

[winston]

'Time Is Running Out For Iran': The Market Is Calling 'Bullshit' On Mainstream's Narrative, Hugh Hendry Explains...

by Tyler Durden

"...the market has priced the probability.

And right now, the probabilities tell you. Well, what do they tell you? They don’t point to an empowered adversary like Iran dictating terms to a paralyzed American administration.

They certainly do not tell you that.

They point to something simpler, a constrained energy producer hitting the natural limits of its own system. A system put on pause that needs flow. A system that is precariously on the edge of irreversible damage."

Source: Zero Hedge

https://www.zerohedge.com/markets/time- ... paign=7847