Global Macro Hedge Funds

Here’s a great background article on global macro-hedge funds by Wall Street Journal reporters Alistair MacDonald and Margot Patrick, “Macro Gang Hangs Tough”:

 “Betting on the world’s broad economic trends tripped up some high-profile names in the hedge fund industry last year, but such “global macro” investing is poised for a comeback this year, money managers say. Global macro was among the first widely practiced hedge-fund strategies. It helped popularize these private-investment vehicles after money managers George Soros, Julian Robertson and other early practitioners saw stellar returns by betting on economic trends via investments in currencies, interest rates, shares and other instruments.”