Hugh Hendry Has Another Down Month As Nikkei Calls Fall

Hugh Hendry’s bad luck in his Eclectica hedge fund stuck with him in April as well. The Eclectica Absolute Macro Fund finished last month with a loss of 1.7%, bringing down the YTD return to -9.6%, according to a letter to investors reviewed by ValueWalk. On the bright side, April’s return were better than the fund’s performance in March. Additionally, according to the hedge fund’s website, Eclectica has gained 0.8% in May so far.

Losses as Nikkei closed down 3.5% in April

Hugh Hendry, who just last year shunned...