$75 million to and it's not the same person." In the interests of Eclectica, Mr. Hendry says he put on hold his "one-man campaign" to convince a skeptical public that financial speculators play a beneficial role in a free-market economy. He adds that Paul Taylor, who joined Eclectica as chief executive in January 2011, "came in with provisions that he would accept the role if I cut back on the media thing and made it more professional." But Mr. Hendry has not fully retreated from public life. In May, he penned an article for the Financial Times in which he compared the state of the hedge fund industry to the "plight of the banana." "Today the world eats predominately just one type of banana, the Cavendish," he explained, "but it is being wiped out by a blight known as Tropical Race 4, which encourages the plant to kill itself." The month before, Mr. Hendry sent investors his first letter since the winter of 2010. In it, he predicts "financial anarchy" and explains how his investment approach differs from his peers. "I suspect that I am one of the few chief investment officers who does not maintain daily correspondence with investment bankers and their specialist hedge fund sales teams. Not one buddy, not one phone call, not one instant message. I am not seeking that kind of 'edge.' Eclectica occupies an area outside the accepted belief system." At the Milken Institute conference in May , he told the audience that France