However, prospective investors must consider the uncertain significance of past performance in determining whether or not to invest in the eclectica fund. The document is not a comprehensive manual for the public funds market. Introduction and overview of 40 act liquid alternative funds. The results portrayed for the eclectica fund are estimated, unaudited and subject to adjustment. He founded the firm in 2005, buying out the eclectica fund he managed from odey asset managements crispin odey, who described him fondly as a fellow pirate.
The changes were announced on 25 november 2015 by capita finance, the funds authorised corporate director. In that vein i cannot but recommend harley bassman of pimcos piece on monetary policy at warp speed. This document constitutes the prospectus for lf canada life investments fund which has been prepared in accordance with the collective investment schemes. Cf eclectica agriculture fund cf eclectica continental european fund cf eclectica european fund cf eclectica global opportunities fund cf eclectica uk relative momentum fund this is an important document which you should read and understand prior to making an investment. May 31, 2019 eclectica fund letter april 2012 pdf hugh hendry letter and views. Copy client correspondence client letter changes to the charges for the cf eclectica unbundled fund client letter changes to the charges for the cf eclectica bundled fund by continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them.
Bold hedge fund star says stellar performance no longer enough. View all eclectica asset management fund prices, performance, charges and savings. Cfegada quote lf eclectica absolute macro fund bloomberg. May 10, 2020 hugh hendry is a fund manager at eclectica asset management. Jan, 2016 cf eclectica absolute macro fund commentary for the month ended november 30, 2015. Cf eclectica agriculture fund the fund is a recognised collective investment scheme in the uk under section 243 of the financial services and markets act 2000 fsma.
Manager commentary, april 2012 ive seen this in a few places, though none that has allowed printing of the document yet. August 2009 commentary, hugh hendry, hugh hendrys eclectica fund, market folly. Hugh hendry born march 16, 1969 is the founding partner and, at various times, the chief investment officer, chief executive officer and chief portfolio manager of eclectica asset management. The eclectica fund equity and fixed income markets. Jul 19, 2019 hugh hendry eclectica letter pdf it wasnt meant to be like this. May 02, 2020 eclectica fund april 2012 pdf hendrys eclectica fund, which posted losses in and, last year made a wager on the currency rising that helped the fund gain eclectica fund, a global macro hedge fund established in october. Eclectica fund management commentary phils stock world. I meet a lot the eclectica fund, april hugh hendry after two years of silence, hugh. Jun 01, 2011 hugh hendry eclectica fund april 2011 the scribd account where the pdf was stored was removed if interested in obtaining the file let me know through email. Eclectica hedge fund bleeding assets financial times. This prospectus has been issued for the purpose of section 21 of the financial services and markets act. Why does france in 2012 flirt with the notion of electing a socialist president intent.
Nevertheless, it is clear to us that this is the most difficult period for stocks in five years. Eclectica has had positive trading results over certain periods in the past in the eclectica fund. Jun 14, 2019 eclectica fund letter april 2012 pdf hugh hendry letter and views. Hugh hendry, founder and cio of eclectica asset management, have made the difficult decision to close the fund, hendry said in the letter.
Eclectica asset management funds invest online today. Eclectica asset management, a hedge fund, has delivered 5. I am writing to inform you about changes that have been made to the fund managers charges for the cf eclectica absolute macro fund, in which you are an investor. Hugh hendry blames broken macro model as he shuts hedge fund. The fund s objective is to generate positive and uncorrelated absolute returns in all market. The eclectica fund manager commentary the synchronous drawdowns in global equities from their december highs to the tentative lows observed so far in late january are equivalent to those witnessed in 2010, but not quite 2011. We havent checked in on hendry since his march update when we saw he liked annaly capital management nly, but his time around we get much more indepth macro commentary. Fund overview william blair macro allocation fund march 31. Hugh hendry eclectica fund investor letter market folly. Eclectica fund deflation credit default swap avaliacao. Popular legend has it that hedge fund managers are shy, secretive creatures who live in perpetual fear of the glare of media attention. Historic performance is not a guide to future performance. Oct 19, 2019 eclectica fund april 2012 pdf published on october 19, 2019 by admin hendrys eclectica fund, which posted losses in and, last year made a wager on the currency rising that helped the fund gain eclectica fund, a global macro hedge fund established in october.
Sep 14, 2017 hugh hendry said the macro hedge fund model is broken because it isnt making enough profit to cover costs and keep investors sweet. Hugh is the founder, partner, principal portfolio manager of eclectica asset management. Also, a tip for those of you wanting to print the document off rather than reading it in the. Also, the net results reflect the reinvestment of dividends and other earnings and the deduction of costs and the management fees and. Hugh hendrys eclectica fund sees hyperinflation via. May 20, 2020 hugh hendry eclectica letter pdf it wasnt meant to be like this. May 20, 2010 hugh hendry just released the may market commentary from his eclectica hedge fund see below. Cf eclectica agriculture fund 31 october 20 performance % a. This document constitutes the prospectus for cf macquarie investment funds which has been prepared in accordance with the collective. For those unfamiliar with hendry, he has become sort of a resident deflationist and has been an advocate of long treasuries positions. The big achievement of the early years for the fund was in 2008 when the main eclectica fund returned 31. May, 2020 hugh hendry eclectica letter pdf it wasnt meant to be like this.
Like these unpopular birds i like to pinch from others their best shiny ideas. Erik townsend is a retired software entrepreneur turned hedge fund manager. Changes to the charges for the cf eclectica absolute macro fund. Cf eclectica absolute macro fund the fund is a recognised collective investment scheme in the uk under section 243 of the financial services and markets act 2000 fsma. Hugh hendrys eclectica fund update today we present you with hugh hendrys latest investor letter out of his eclectica fund and his absolute macro fund. Copy client correspondence client letter changes to the charges for the cf eclectica unbundled fund client letter changes to the charges for the cf eclectica bundled fund by continuing to use this site you consent to the use of cookies on your device as described. The key question for the fund right now is whether we are at a structural turning point in terms of global interest rates. Whether youre building a hedge fund from the ground.
Eclectica, the hedge fund mr hendry has run since 2002, lost 9. The promotion of the fund and the distribution of this document however may be restricted by law in other jurisdictions. Hugh hendrys life after hedge funds institutional investor. The fund s tenyear nav progression demonstrates this survivorship bias. Prospectus of cf macquarie investment funds macquarie group. The funds objective is to generate positive and uncorrelated absolute returns in all market. Fund overview william blair macro allocation fund macro allocation fund exposures as of 33120 current allocations within allocation ranges are highlighted with white dots and lines. Manager commentary, december 2010 as you know, i have not written at length for some time. Below we repost his full final letter in its entirety, and wish hendry good luck in his next endeavour. The pdf of hugh hendrys letter to investors is embedded below. Hugh hendrys eclectica fund august commentary phils.
Overview eclectica asset management llp is a hedge fund based in london, united kingdom. Feb 24, 2010 he definitely seems to be a contrarian here as the eclectica fund finished 2008 up 31. Also, the net results reflect the reinvestment of dividends and other earnings. Lately, the former manager of the eclectica fund, a londonbased global macro outfit he ran for 15 years until shuttering it last year, spends his. Hugh hendry closes eclectica hedge fund business financial times. The full letter is worth a read and echoes many of the points we have made over the past few years. If i come across one, ill try and update the link below. Without further ado, hugh hendrys eclectica fund august 2009 commentary email readers will need to come to the blog to view the embedded document, or you can attempt to download the. Asset management on his views on the markets, the performance of his global macro eclectica fund and. Hedge funds as phantastic objects cass business school. He began to attract attention when his fund achieved a 31. Hugh hendrys farewell letter than three years later he quit odey to set up his hedge fund boutique eclectica. Sep 02, 2009 without further ado, hugh hendrys eclectica fund august 2009 commentary email readers will need to come to the blog to view the embedded document, or you can attempt to download the.
He has become prominent in the united kingdom for his commentary on the. E e e e e e e e e e e e 2 manager commentary, september 2017 out of thin air. No, in 1965, economic growth got choked by a tight labour market. You need to understand that my timing is heavily influenced by both the push and the pull of robert prechter and walt whitman. May 25, 2020 april 2012 tef commentary pdf the industry. Hugh hendry born march 1969 is the founding partner and, at various times, the chief investment officer, chief executive officer and chief portfolio manager of eclectica asset management. Eclectica asset management ceo, hugh hendry, talks to the media at the however, we also think it will end in asia, he said in the letter.
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