In a world where political intervention is one of the primary drivers for markets, assessing the macro environment is challenging, to say the least. But this is the starting point for everything the Culross Global Fund does. The macro outlook informs the thematic approach to investing taken by the fund of hedge funds (FoHF).
"Macro trumps micro. What you can do is have a certain amount of macro insurance which may or may not be effective against the precise risk that you end up confronting,"