Global macro: theory and practice

"Global macro is a hedge fund strategy that bases its holdings - such as long and short positions in various equity, fixed income, currency, and commodities markets - primarily on top-down macroeconomic and political views of individual countries and asset classes. In the aftermath of the global financial crisis of 2007-09, global macro was one of the few investment strategies that delivered positive returns. Since then global markets have been driven almost solely by macroeconomic decision making; more so than at any time in recent years. 'Global macro: theory and practice' is the first comprehensive handbook and authoritative guide focusing exclusively on global macro strategies, designed for use by investment professionals involved in constructing and managing institutional portfolios. The book examines different strategies within the global macro sector, focusing on their unique risk-return characteristics and their role and place in an institutional portfolio"--provided by publisher.

Introduction / Isaac Souede. -- Global macro : origins, history, prospects / Andrew Rozanov. -- Discretionary global macro : a manager's perspective / Kenneth G. Tropin. -- Systematic strategies : a quantitative approach to global macro / Menachem Sternberg. -- The different shades of macro / Igor Yelnik. -- The role of a global macro strategist / Grant Wilson. -- Emerging markets in global macro investing / Gene Frieda. -- Risk management in global macro funds / Barry Schachter. -- Geopolitical risk in global macro investing / David Murrin. -- Global macro : a prime Broker's perspective / Barry Bausano. -- Understanding global macro leverage / John Casano. -- Global macro : an investment consultant's perspective / Simon Fox. -- Global macro : a fund of Hedge Fund's perspective / Omar Kodmani and Andrew Rozanov. -- The case for global macro in institutional portfolios / Arjan Berkelaar. -- GTAA and global macro for long-term institutional investors / Gerlof de Vrij, Roy Hoevenaars and Pieter Jelle van der Sluis.