This article was first published as a chapter in Global Macro: Theory and Practice, by Risk Books.
Global macro strategies attempt to generate returns by investing globally in equity, interest rate, commodity and currency markets. These strategies often employ leverage and typically use futures and currency forward contracts, as well as options on futures contracts to implement bets. Global macro is typically classified as either discretionary (ie, managers use subjective judgement in assessi
The week on Risk.net, July 14–20, 2017Receive this by email