Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2013

Focus - Are we all global macro investors now?

Are we all global macro investors now?

Last month, an emerging manager who runs a value-based long/short equity hedge fund told Opalesque that no matter how much a 'value investor' or 'individual stock picker' thinks he or she can tune out market noise and focus on individual companies' fundamentals, we are all, at this point in history, macro investors. This is because we cannot ignore the enormity of the geopolitical and financial troubles that lie ahead and the interconnectedness of the world's financial systems.

Opalesque collected reactions about that view from three emerging fund managers, two global macro veterans and a service provider.

Part I - So... are we all macro investors now?

The answer was generally "yes and no." The question itself is indeed a little too black and white. Most, however, agreed that ignoring the macroeconomic environment now, something which was commonly practised during the last decade, should be considered a thing of the past.

Andrew Rozanov

Andrew Rozanov, managing director at Permal Group, a global asset management group specialising in global macro strategies, has just edited and published a book called "Global Macro: Theory and Practice" (195 pages, Risk Books). (A review of the book was recently published in Opalesque's A......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest