Geopolitical Risk in Global Macro Investing

By David Murrin

global-macro-book
This article was first published as a chapter in Global Macro: Theory and Practice, by Risk Books.

Global macro managers have to navigate a complex web of interconnected risks: market, credit, liquidity, financing, counterparty and operational, to name but a few. While all of these risks are different – and reasonable market practitioners can disagree about how best to deal with them – in at least one respect they are all similar: the nature of these risks has been well researched and documente