Fund buyers lose patience with Hendry after steep losses

Fund buyers have been selling down their exposure to Hugh Hendry's Eclectica Absolute Macro fund after his performance downturn accelerated at the start of 2014.

Hendry attracted attention last November, describing himself as “the last bear to capitulate” and announcing a more bullish turn. However, after a 0.8% return last year, his UCITS fund has suffered...

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