Hugh Hendry Slips Another Month On China; EM Currency Shorts

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HFA Staff
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Hugh Hendry

Hugh Hendry’s Eclectica Absolute Macro Fund saw a tough September, failing to benefit from the rebounding markets that benefited most other hedge funds. The fund lost 1.8% in September, reducing year to date return to -2.6%, according to returns from a monthly performance report seen by ValueWalk. The fund manages $276 million. Hugh Hendry loses on EM shorts Eclectica has short exposure in emerging markets including China, saw most losses in its shorts in emerging market currencies against the U.S. dollar which were down by 102 bps. Eclectica has shorts in Indian rupee, Brazilian real, South African rand, Mexican peso and South…

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