| 22.09.2025 Other Voices: Discretionary macro vs. systemic macro: why diversification is the smartest play |
| By: Steven Brod, CEO and CIO of Crystal Capital Partners: Investor appetite for macro hedge fund strategies has grown meaningfully in recent years. At the end of last year, a Societe Generale survey found that global macro was at the top of institutional investors' hedge fund allocation lists for 2025. Yet performance in the first half of this year may have given allocators pause: macro mana |