Thursday, March 11, 2010

Hendry: We hedge fund managers are on your side  hat tip Zerohedge

Hugh Hendry  article:

You don't know me; we've never met. But I fear you are being encouraged to dislike me. Let me explain: I'm a speculator. I manage a hedge fund. Apparently I profit from your misery. Accordingly, our political leaders are keen to see the back of me.

Only yesterday, Germany and France were calling for the "fastest possible" adoption of new rules to put an end to financial speculation. But before you write me off I ask that you listen to my side of the story.

I have followed Hendry for a while and believe me I would trust his judgement a lot further than any politician.

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