MarketFolly got a hold of Hugh Hendry’s latest investor letter, which reveals that his fund pared back on exposure during the market rally in January.
It also lists the funds top 10 holdings/trades:
1. Currency: Long EUR / Short LVL: 19.8% (Latvian Lats)
2. Australian 10 year government bonds: 7.4%
3. German 30 year government bonds: 7.1%
4. MetroPCS Wireless 9.25% 2014: 2.9%
5. Long USD / short GBP: 2.8%
6. Imperial Tobacco: 2.6%
7. British American Tobacco: 2.6%
8. Altria Group: 2.5%
9. Lorillard: 2.5%
10. Philip Morris International: 2.4%
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See Also:
- Hugh Hendry’s Fund Is Up 8% YTD Because Greece Collapsed
- Marc Faber, Hugh Hendry, And Nassim Taleb Go At It In Russia
- Watch Hedge Funder Hugh Hendry Fight WIth Joe Stiglitz And Say He Wants Greece To Collapse