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Money managers under the microscope

Saving Hendry? Thanks but no thanks, says Hugh


rtr1z9ud1It was always unlikely that a letter of advice was going to change the mind of maverick hedge fund manager Hugh Hendry.


And in his latest letter to investors, Hendry has smartly rebuffed any attempt to ‘save’ him from his bond investments.


The letter in question –’s monthly note, entitled “Saving Hugh Hendry” – praises the Eclectica co-founder and CIO as a “brilliant and colourful” hedge fund manager who saw the coming storm and took cover well in advance.


But it goes on to argue that the 27-year bull market in government debt, in which Hendry is a big investor, is probably coming to an end: