Hendry and Treue: The Immortal Trades

Published on
September 25th, 2020
Duration
62 minutes

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47

Hendry and Treue: The Immortal Trades

The Interview ·
Featuring Hugh Hendry and Bob Treue

Published on: September 25th, 2020 • Duration: 62 minutes

Hugh Hendry, founder and former CIO of Eclectica Asset Management, is joined by Bob Treue, founder of Barnegat Fund Management, to put on a clinic of idea generation. Due to its consistently high returns, Treue’s fund is ranked by Bloomberg as the world's #1 fixed-income arbitrage fund. Treue shares with Hendry his process for consistent success and recounts some several of his grand-slam trades -- from arbitraging the spread between U.S. Treasurys and their inflation-protected counterparts to relative value plays on the yield curve for U.K gilts. Hugh Hendry can be found on HughHendry.com, on Instagram and Youtube as @hughhendryofficial, as well as on Twitter at @hendry_hugh.

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Transcript

Chapters

  1. 00:02:25
    How The Barnegat Journey Began: Using the Bloomberg Terminal in the Public Library
  2. 00:12:29
    "Life is Absurd": Reflections on the 2008 Financial Crisis and the Hedge Fund Industry
  3. 00:27:03
    Specific Trades: "Linker" Arbitrage and Yield Curve Relative Value Plays in the U.S., U.K, and Japan
  4. 00:37:42
    Managing a Risk Book: Stop Losses and “Excess Collateral”
  5. 00:40:27
    Arbitrage and Relative Value Within a Macro Context
  6. 00:48:52
    The Important Role of Cash in a Portfolio
  7. 00:54:36
    Closing Thoughts on Negative Real Rates and Flat Yield Curves