Eclectica's Hendry tells investors: 'Don't panic'

Manager is unusually optimistic

Eclectica Asset Management's Hugh Hendry has tried to calm investor fears of a market crash, arguing recent turmoil has remained contained in "a curious way".

Hendry (pictured), who manages the CF Eclectica Absolute Macro fund, has reassured investors that issues in Greece and China have so far had a minimal impact. The outlook is more optimistic for Hendry, who has been well known in the past for taking a bearish view on emerging markets and other world economies. He famously appeared on BBC's Newsnight in 2010 telling viewers: "I would recommend you panic" as he felt the European banking system was in crisis. M&G's Olsen: Why there is no need to panic about European equities But writing in his September monthly commentary, alongside...