Wed, Jul 15, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: Global macro hedge funds, then and now

Monday, May 13, 2019

B. G., Opalesque Geneva:

"The rise of hedge funds as actively managed investment vehicles is closely related to the spectacular performance of global macro funds in the nineties when they shone with stellar and consistently positive returns for almost a decade," says senior portfolio manager Franz Odermatt in Crossbow Partners' April newsletter. However, global macro hedge funds have not been performing as well in the last years, and fund managers are looking into a more combined approach to running the strategy.

The likes of George Soros, who broke the Bank of England in 1992, Paul Tudor Jones (Tudor Group), who predicted Black Monday in 1987 and tripled his money, and Louis Bacon (Moore Capital), who earned profits from the market crash in 1987, made a star of the global macro strategy.

Source: Crossbow Partners

Crossbow, a Swiss independent specialist for alternative multi-manager solutions, describes the macro strategy as one that attempts to profit from broad market swings caused by political or economic events. Employing a wide variety of assets and instruments, they make market bets around macroeconomic variables such as expected changes in interest rates, commodities, equity indices or currencies.

In the past, discretionary global macro funds dominated the space, pursuing an opportunistic top......................

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. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating

  2. PPP: Troubled firm Marto Capital asked for PPP money - and got approved, records show, Fallen hedge fund's head among money managers getting PPP relief, Wall Street investors scored emergency government loans amid pandemic, The asset managers approved for PPP money[more]

    Troubled firm Marto Capital asked for PPP money - and got approved, records show From Institutional Investor: Marto Capital - a former wunderkind founded by an ex-Bridgewater Associates star - got approved for emergency funds from the U.S. government, records showed Monday. Katina Stef

  3. PE/VC: Not all VC investors are being slowed down by the pandemic, GP-led secondaries to increase in post-Covid-19 resurgence, Some private-equity firms see early signs of a deal thaw, New York private equity goes for the jugular in Germany[more]

    Not all VC investors are being slowed down by the pandemic From Pitchbook: As the venture capital industry pumped the brakes on dealmaking, a handful of investors are taking a different tack. Among the top 20 most active US VC firms with assets under management of $500 million or more,

  4. Satori Capital buys into hedge fund manager Mountain Cove Capital Management[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has agreed to back compatriot investment firm Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management, co

  5. SEC proposes to amend Form 13F[more]

    B. G., Opalesque Geneva: The Securities and Exchange Commission (SEC) said on Friday that it had proposed to amend Form 13F - for the first time in more than 40 years. The proposal will update the reporting threshold (currently at $100m) for institutional investment managers and make other change