Hugh Hendry’s bad luck in his Eclectica hedge fund stuck with him in April as well. The Eclectica Absolute Macro Fund finished last month with a loss of 1.7%, bringing down the YTD return to -9.6%, according to a letter to investors reviewed by ValueWalk. On the bright side, April’s return were better than the fund’s performance in March. Additionally, according to the hedge fund’s website, Eclectica has gained 0.8% in May so far. Losses as Nikkei closed down 3.5% in April Hugh Hendry, who just last year shunned his bearish outlook and chose to go with the crowd, has not had a…
Hugh Hendry Has Another Down Month As Nikkei Calls Fall
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.