'Risk-controlled' global macro tipped for comeback
A fresh breed of macro manager, delivering diversification and steady mid-single-digit returns, marks a departure from the big gamblers of the past
Would George Soros go into global macro if he were starting out today? Nowadays the media circus more closely follows the hubbub raised by activist fund managers such as Bill Ackman and Dan Loeb. The careful investments of global macro funds have passed much of the financial press by.
Returns from global macro as a hedge fund strategy are as trifling as the media attention. On average, macro returned -0.5% in the first three months of the year, according to Hedge Fund Research, while activist
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