Rewind to late 2014:
ZH: Hedge Fund Manager Hugh Hendry Takes The Blue Pill
"There are times when an investor has no choice but to behave as though he believes in things that don't necessarily exist. For us, that means being willing to be long risk assets in the full knowledge of two things: that those assets may have no qualitative support; and second, that this is all going to end painfully...China is set to record its weakest growth in GDP in 25 years. Yet it seems to have entered a bull market and may be where we deploy much more of our risk capital next year. That's because the recent exuberant run up in onshore Chinese equities seems to me to amply demonstrate the power of imagined realities."
CNBC: Emerging Markets Are Ready To Break Out
"China's a very important part of this. If you don't believe in China I think it's going to be difficult to believe in EM"
If you don't have your head up your own ass it's going to be difficult to get conned twice
"this is all going to end painfully"
Indeed.
#3 hedge fund holding behind Facebook and Amazon, which are already imploding...
