The latest from Hugh Hendry according to a shareholder letter for the month of November obtained by ValueWalk.
Also make sure to read the full long going bullish explanation here- Hugh Hendry December Letter: Last Bear Standing? Not Any More
The post was originally published here. Highlights: Resolving gas supply issues ensures longevity A pioneer in renewable energy should be future proof Undemanding valuation could lead to re-rating Q1 2022 hedge fund letters, conferences and more
• The Fund returned 70bps in November.
• Fixed income strategies made 27bps with gains coming primarily from long exposure to short-end DM rates.
• In FX, EM shorts and a long US dollar position contributed a total of 22bps.
• Equities added a further 22bps to P&L as profits on long exposure to Japanese and US equities were partially offset by losses on Chinese index shorts.
Full Hugh Hendry letter in scribd
Hugh Hendry November by ValueWalk.com