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“It wasn’t supposed to be like this.. markets are wrong.”

  • From Hugh Hendry’s September commentary to investors, announcing the closure of his Eclectica hedge fund.

 

“The fathomless arrogance of this guy.. his job was to surf the waves, not pick a fight with the ocean.”

  • Tweet from Five Minute Macro (@5_min_macro) about Hugh Hendry.

 

As Gordon Gekko says in Wall Street, if you need a friend, get a dog. Capitalism doesn’t really do sympathy, so there will probably not be a Niagara of tears shed at the passing of Eclectica Asset Management and its funds. Its co-founder Hugh Hendry is unlikely to become a goodwill ambassador for the UN any time soon, as this Greatest Hits compilation suggests.

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