Hugh Hendry

He closed the fund in 2017 due to consistently poor annual performances since 2009.

Despite his reputation as a contrarian, Hendry explained to the Financial Times in July 2012 that his approach continued to be based in taking advantage of market momentum. "Our ideas are harshly disciplined by market trends. You will never see us pursue a homegrown idea when it is to the detriment of the prevailing trend," he said.

At the LSE Alternative Investments Conference in 2011, during a discussion with Steven Drobny, Hendry joked that his clients have banned him from further media appearances. Hendry is the anonymous 'Plasticine Man' in Drobny's book on hedge fund managers 'Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money'.

Hendry has become known in the United Kingdom for his outspoken commentary on the financial crisis. On an episode of the BBC's Newsnight programme aired on 9 April 2010, Hendry began his response to comments by the Nobel Prize–winning economist Joseph Stiglitz on the financial position of Greece by saying, "Erm, hello. Can I tell you about the real world?" On the same programme in May 2010, Hendry responded to a question from host Jeremy Paxman about the current European economic situation and the possibility of a Greek sovereign debt default with the comment, "I would recommend you panic". An outspoken appearance on the BBC's Question Time followed in October 2010.

Eclectica Asset Management was founded in 2005 when Hendry and his colleague Simon Batten purchased the management contract of the Eclectica Fund from Odey to establish themselves as a stand-alone fund manager. "A lot of people define investors as value or growth. We are neither. We are time investors," Hendry said.

After Baillie Gifford he worked for Credit Suisse Asset Management. Following a chance meeting with Crispin Odey, Hendry joined Odey Asset Management in 1999. "It was a meeting of minds," Hendry said. "He checked my references, got the message that I was a troublemaker, and said, 'You're one of us, you're one of the pirates'."

In 1991, Hendry joined the prestigious Edinburgh investment management firm, Baillie Gifford. He claimed that he was hired only because investors had instructed the company to recruit more working-class employees.

Hugh Hendry (born March 16, 1969) is the founding partner and, at various times, the chief investment officer, chief executive officer and chief portfolio manager of Eclectica Asset Management. He began to attract attention when his fund achieved a 31.2 per cent positive return in 2008 in the depths of the financial crisis, earning him a reputation as a contrarian investor, but his claim on wider public notice was based in a series of outspoken media appearances. Hendry has been referred to as "the most high-profile Scot" in the hedge fund sector.

Hendry was born in Glasgow, Scotland, in 1969 and graduated from Strathclyde University in 1990 with a BA in economics and finance. His father worked as a lorry driver and he was the first member of his family to go to university.