Global Macro: An Investment Consultant’s Perspective

By: Simon Fox

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

As a global investment consultant, Mercer has experience of working with clients from a variety of backgrounds. While some of our clients would recognise the term global macro, many others will have originally invested in what was called global tactical asset allocation (GTAA). In this chapter, we will review the history of investing in global macro strategies by many of our clients, before consid

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