Hugh Hendry, CIO & Co-Founder, Eclectica Asset Management went head to head with Mike Novogratz, Principal & Member Of The Board, Fortress Investment Group in the The GAIM International 2010 Debate entitled "The Gap In The Curtain -- How Great Minds Disagree" which was moderated by Dan Shapiro, Partner, Schulte Roth & Zabel, Partner, Lincoln Vale. He announced the launch of the new Eclectica Credit Fund -- dubbed the "beat the politicians" fund during the debate with Mike Novogratz.
In an interview for the Spotlight Series, Hugh expressed the view that the route to success was finding assets classes that are priced as non-contentious... but have the potential to be very contentious. And his USP? He is the least correlated asset in the world; when every other asset manager was disappointing their customers, he made 50% in Oct 2008 and 2% in June 2010.
thanks for this!
beltane3 1 year ago
Very interesting! He's right about the need to acknowledge luck! Too many folks want to take all the credit for their successes and external factors for their losses. Problem with any bet against China, though, is how sure are you when placing that bet! Top-notch interview!
brokenbulbs 1 year ago