Hugh Hendry Predicts Debt Crisis Heading for China

Hugh Hendry is making headlines once again, in this story.

Hugh Hendry, one of the hedge fund industry's most outspoken managers, has warned that the economic crisis is headed for Asia, with the region's largest economy, China, struggling under a bursting property bubble and tumbling demand for its exports. Hendry, who runs Eclectica Asset Management, which has around $700 million in assets, said in his first investor letter of great length since the winter of 2010 that he was "more pessimistic on Chinese growth than ever."

Hendry made a video with the BBC that showed a day in the life of a hedge fund manager.