We earlier posted some excerpts from Hugh Hendry on China, we usually are hesitant to post hedge fund letters in full. However we see that one of our large colleagues did so below is the full letter on China, Japan Europe and the USA from Eclectica Asset Management:
April 2012 Hugh Henry
Vanguard’s move into PE may change the landscape forever
Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More