Always been a fan of Hugh simply because he was different…..
Hugh Hendry is a rare breed: a retired hedge fund manager who has actually retired.
Lately, the former manager of the Eclectica Fund, a London-based global macro outfit he ran for 15 years until shuttering it last year, spends his days unsubscribing from finance-related emails and paddle boarding near his estate in St. Barts, where he has been spending much of his time. His Bloomberg terminal, once a fixture of his daily life, has been packed up and hauled away. It’s a picture befitting the man who declared on TV that he’d “died in active combat” when his fund shut down, following several years of struggle and, before that, stellar gains.
But Hendry, 49, has never minced words. Over his career at Eclectica Asset Management, Odey Asset Management, and Scottish firm Baillie Gifford, the pugnacious Scotsman gained a reputation as a provocateur, figuratively flipping his middle finger at investment conventions, class structures, and whatever else irked him.
He also didn’t get the memo that hedge fund managers are supposed to keep low profiles, making enough television appearances to populate a YouTube channel. The intellectual bomb thrower once called former Danish prime minister and European Parliament member Poul Rasmussen a “Champagne socialist traveling business class on the back of money created by risk takers like me.” Another time he snapped “Hello, can I tell you about the real world?” at Nobel laureate Joseph Stiglitz on BBC’s Newsnight program.
More here – Institutional Investor
