Hugh Hendry Adds to Chinese Short Position in May Before Massive Price Collapse
Hugh Hendry of The Eclectica fund is out with his latest letter which has been obtained by ValueWalk (see Hugh Hendry’s Eclectica Battle On BoJ! Gains on Australian Shorts). The highly coveted letter from the long time China bear only comes out on an irregular basis. Sources familiar with the matter states that Hendry tells them that he is 'too lazy' to write letters often. However, with China looking like it is on the verge of a meltdown, perhaps Hendry gets more satisfaction from penning the notes (unfortunately the letter is from before the Chinese market crash of June, but we will have updates for June as soon as we get them). Additionally, the Australian and emerging market shorts should pay off big time based on June numbers. The hedge fund is long the USD, Japan, Short China (which it added to) and has some interest rate positions.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible