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Hugh Hendry shuts Eclectica hedge fund, blames macro model

Mr Hendry (above) joins hedge fund managers such as Eric Mindich, Leland Lim and John Burbank who have shuttered this year.

New York

HUGH Hendry said the macro hedge funds' model is broken because it isn't producing enough returns to cover costs and keep investors sweet.

The money manager is throwing in the towel on his investment firm after a 15-year run amid mounting...

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