'Contentious posturing' paying off, bullish UK fund manager Hugh Hendry tells Kiwis

Wed, 22 Apr 2015

By Fiona Rotherham April 22 (BusinessDesk) - Hugh Hendry, one of Britain’s highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Speaking to an Auckland audience via Skype from the UK this week, Hendry said his Eclectica hedge fund, which he founded in 2005, was now up 14 to 15 percent this year and is currently one of the 10 best performing hedge funds. It also made an 8 percent return in 2014 after disappointing returns in the two...

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