Global macro funds suffer in unpredictable markets

Fund managers have mixed views about the speed of global economic recovery and opportunities in the global macro hedge fund sector.

Ian McVeigh, a partner at Parkway Capital, believes now is a fortuitous time for the sector. Parkway Capital is awaiting Financial Services Authority (FSA) approval before it launches its global macro portfolio, the Parkway Global Fund.

A lot of capital has been withdrawn from global macro recently as proprietary desks at investment banks and insurance companies have

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