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Hugh Hendry’s November 2014 Eclectica Investor Letter

Insider Monkey obtained a copy of Hugh Hendry's November 2014 Eclectica Fund investor letter. You can download a copy of the letter below. Hugh Hendry has been a well-known bear for a very long time and managed to return 31.2% in 2008 when most of the hedge funds had negative returns and an average hedge fund lost around 20%. Given the huge bull market since the lows of March 2009 you would expect...