Hendry was born in
Glasgow, Scotland, in 1969; he grew up in the city's
Castlemilk district and graduated from
Strathclyde University in 1990 with a BA in economics and finance. In 1991, Hendry joined the
Edinburgh investment management firm,
Baillie Gifford. He has been highly critical of EU regulatory policy. He learned the art of "momentum investing" and was responsible for managing a range of funds from the Eclectica Fund to more than a $1 billion of long-only European mandates, including the award-winning Odey Continental European Fund. "(Odey) taught me how to manage money," Hendry said. "More than that, he taught me how to misbehave. Misbehaviour is all about curiosity, how you invoke and think about change, which is very necessary in the management of money." Hendry once said to an interviewer: "To my mind, the three most important principles when it comes to investing are
Albert Camus's principles of ethics: God is dead, life is absurd and there are no rules." He suggested that a great fund manager was defined by "an ability to establish a contentious premise outside the existing belief system, and have it go on and be adopted by the rest of the financial community".
Eclectica Asset Management Eclectica Asset Management was founded in 2005 when Hendry and another ex-Odey partner purchased the management contract of the Eclectica Fund from Crispin Odey to establish themselves as a stand-alone fund manager group. The hedge fund announced its closure in late 2017. ==Media appearances==