Hugh Hendry and the Eclectica fund believe the European banking system has an estimated 2.6trn euros of deleveraging (circa 30% of GDP) still to complete,...

James McKay

BRR Media

Hugh Hendry and the Eclectica fund believe the European banking system has an estimated 2.6trn euros of deleveraging (circa 30% of GDP) still to complete, having shed 3.5trn euros already. So we are happy to run a long developed market stock position with a short hedge composed of emerging market equity futures. We are running an unhedged long in Japanese equities as our wild bullish card (we have, of course, hedged the currency


James McKay
James McKay
Relationship Manager
BRR Media

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