Hugh Hendry Loses On Le Pen Trade; Goes All In On Four Bets

There are certain alternative fund managers and derivatives analysts that take an unconventional look at the world. They express a desire for the deep understanding of risk, often looking at the ugly from the inside out. Eclectica Absolute Macro Fund manager Hugh Hendry, in an April letter to investors reviewed by ValueWalk, looks back at the French election and sees the bigger “fat tail” risk that was little discussed in the mainstream: What would happen if the wheels on the euro currency fell off.