Hugh Hendry's Top 10 Trades

MarketFolly got a hold of Hugh Hendry’s latest investor letter, which reveals that his fund pared back on exposure during the market rally in January.

It also lists the funds top 10 holdings/trades:

1. Currency: Long EUR / Short LVL: 19.8% (Latvian Lats)

2. Australian 10 year government bonds: 7.4%

3. German 30 year government bonds: 7.1%

4. MetroPCS Wireless 9.25% 2014: 2.9%

5. Long USD / short GBP: 2.8%

6. Imperial Tobacco: 2.6%

7. British American Tobacco: 2.6%

8. Altria Group: 2.5%

9. Lorillard: 2.5%

10. Philip Morris International: 2.4%

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