Why Greece needs more Hugh Hendrys

clock

Debating with Hugh Hendry earlier this week on Newsnight, European Socialist Party president Poul Nyrup Rasmussen implied Greece needed hedge funds like a hole in the head.

Prime minister George Papandreou would probably have said as much had he been arguing with the veteran hedge fund manager instead. But Greece needs hedge funds for at least three key reasons. First, leaders of countries, like those of companies, need people to tell them when something is wrong with their management. Hendry, founder of Eclectica Asset Management, dubbed himself a canary in a coal mine for Greece. David Harding, founder of rival Winton Capital Management, has said hedge funds are important because they inject badly-needed skepticism into over-hyped market...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Alternatives

Mike Preston, partner at Cleary Gottlieb

Private equity in sport: A growing opportunity

Expected to grow to $500bn

Mike Preston
clock 11 August 2022 • 4 min read
David Coombs, head of multi-asset at Rathbones Unit Trust Management

Rathbones' Coombs: Multi-asset funds 'called it right' but unable to combat hardship

Rathbone Multi-Asset Strategic Growth

clock 05 August 2022 • 3 min read
Alan Gauld, senior investment director at abrdn

abrdn's Gauld weighs tilt towards value-oriented sectors amid market rotation

Value buyouts to represent 30%

clock 29 July 2022 • 2 min read
Trustpilot