Hugh Hendry Makes Big Via His ‘China Short’ Fund

Hugh Hendry, who manages the Scottish hedge fund Eclectica Asset Management, makes over 52% profit in the year 2011 through his ‘China Short’ fund, according to a FT reports.

This might be the most successful trade in 2011. The fund’s more than 52% return has beaten the average hedge fund performance - a loss of 4.37% - to the ground.

Hugh Hendry takes notice on China since 2009. Since it’s difficult to short Chinese companies directly, Mr. Hendry constructed his portfolio from a series of short positions against some highly cyclical Japanese corporate credits with large Chinese exposures. As a result, Mr. Hendry made big profit even during the Japanese credit downgrade.

Jim Chanos on china map

Famous hedge fund titan Jim Chanos is one of the few other hedge fund managers who launched a dedicated fund to bet against China. (Click here to see Jim Chanos’ comments on Chinese economy)

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