Hugh Hendry, founder and chief investment officer of London-based Eclectica Asset Management, gave this interview to the Economist’s Philip Coggan at the Economist’s Buttonwood Gathering on October 25.
The Scots-born hedge fund manager admits to having “a history of contentious posturing,” where investment decision-making is concerned adding that, sometimes, “I hear these voices in my head” (often based on historical perspectives of the world which run counter to the conventional wisdom of the day). He said he became a “Gold bug” about 10-12 years ago but a “Treasury bond bug” about six years ago.
Hendry, who started his investment career at Edinburgh-based Baillie Gifford and then Odey Asset Management before co-founding Eclectica in 2005, said that that he and his investment colleagues at Eclectica like to “exist outside the accepted belief system”. Hendry also said that “we are at a point where we are in the death spiral of mercantilism” and that “I am an existentialist, I am here to tell you that God is dead”.
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