Mon, Nov 30, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: Permal and other experts explain fundamentals of global macro investing in new book

Thursday, January 24, 2013

Andrew Rozanov
An Opalesque column for global macro investors.

Benedicte Gravrand, Opalesque Geneva:

Here is a new book which goes back to basics. Global Macro: Theory and Practice (290 pages, Risk Books) may well fill a gap as indeed, global macro being one of the original hedge fund strategies, nobody really focused on explaining the fundamentals.

This book is a collection of 14 essays in which various experts explain all aspects of the strategy. It was edited by Andrew Rozanov, managing director at Permal, a global fund of funds management group. Rozanov also contributed to a couple of chapters; the first of which relates the history and the prospects of global macro, the other describes a fund of hedge funds perspective of the strategy.

Permal Group (which is part of Legg Mason and which acquired Fauchier Partners last month) runs one of the largest and oldest global macro funds of funds - its flagship - as well as some separately managed accounts and other funds. Last year the group celebrated the 20th anniversary of the flagship fund, and this year it is celebrating its very own 40th anniversary. "It seemed appropriate to do something in this space to commemorate these occasions," Rozanov tol......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November