Hugh Hendry, the hedge-fund manager who profited by betting against banks during the financial crisis, said he’s now speculating on a recovery in Japanese stocks as the nation’s policy makers maintain their policy of negative interest rates. “I’m presently buying upside call options on the Japanese equity market,” Hendry, the 47-year-old founder of Eclectica Asset Management said in a Bloomberg TV interview with Francine Lacqua. The money manager, who six years ago warned of a potential crash in China, is now more bullish on that nation’s prospects. “China doesn’t concern me. I think China, as it is demonstrating, has the power to move on without any catastrophic consequences in terms of having to re-value its currency,” he said.
Eclectica’s Hugh Hendry Sees Opportunity in Japan
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More