Hugh Hendry Quotes Confucius And Making Breathtaking Returns Shorting China

U.K. hedge fund titan Hugh Hendry, a partner and chief investment officer at Eclectica Asset Management, is continuing to kill it this year with his "China short" fund.

According to the Financial Times, his "China short" fund is up an astonishing 52% YTD.

That's one awesome bet Hendry made, especially since the average hedge fund is down 4.37% YTD, the report said.

Hendry's credit fund is able to go short China via Japanese credit default swaps by betting that Chinese demand to Japanese corporate credits will slow.

Hendry, who has long been a bear on China, told students at the London School of Economics in October that his

Confucius saying on the country is "wise man not invest in over capacity."