Hugh Hendry Slips Another Month On China; EM Currency Shorts

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...