- Advertisement -

Related

Round Table: Global Macro

- Advertisement -

Stockholm (HedgeNordic) – It was the first time HedgeNordic had called for a round table discussion on Global Macro and strategies active in the field.

Global Macro is –arguably- the quintessence of a hedge fund strategy. Various instruments are used, trading numerous markets across the globe, using leverage at times and having the ability to go long and short. Some of the brightest brains, greatest brands, biggest egos and successful stories in asset management are found among global macro managers. (We know, of course, often bad experiences make great stories!) It is also the space where seemingly two simple traits can make all the difference between fame and glory and utter disaster: skill and experience.

However, one must be aware this group is all but a homogeneous clique and views on the world and how to make capital on those views come in all the colors of the rainbow. Questions related to what kind of data is used, how it is processed, weighed, interpreted and evaluated, what sort of time frames, sensitivities and filters are applied is what makes global macro such an interesting, widely dispersed and competitive field.

The stage therefor, was set for a great discussion. The ingredients were simple: put some macro managers around a table, add a couple of allocators, close the doors and throw some subjects at them to feast on and watch the magic happen.

Joining in the discussion, moderated by Jonathan Furelid were Alexander Melsom (Nordkinn), Ulrika Bergman (Nobel Foundation), Ulf Torell (Alfred Berg), Asif Noor (Aspect Capital), Ashwin Thapar (AQR), Arne Hassel (IPM), Hans Fredrik Lysén (RPM) and Torbjörn Hamnmark (AP3).

We were able to cover a wide variety of topics, including the history of macro – where are we now?, the investor view on macro, the pros and cons of systematic versus discretionary management, macro in the current (unusual?) environment, macro as cheap factor exposure, the hidden risks in global macro and listened in to what markets are telling macro strategies at this time.

The paper, though there is some volume to it, makes for a good read and brings some interesting insights on the topics around global macro, both from a manager ́s, as well as from an allocator ́s perspective.

Don’t miss it – read the paper: HERE!

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

Elo’s Slow-Moving Hedge Fund Portfolio Built Around Access

Soon after Kari Vatanen joined Finnish pension insurer Elo as Head of Asset Allocation and Alternatives, he praised the team behind the firm’s hedge...

The New Coda: From Intuition to a Unified Investment Process

Peter Andersland is best known in the Nordic hedge fund space as the co-founder of Sector Asset Management, where he remains a shareholder. While...

When Diversification Fails: Qblue’s Case for Alternative Risk Premia

The notion that a traditional 60/40 portfolio offers meaningful diversification has long been questioned by practitioners. When implementing the Total Portfolio Approach at Danish...

Tidan NOVA Profiting from Volatility Skew as Market Participants Seek Protection

Tidan Capital’s evolution into a multi-strategy platform reflects a broader effort to deliver complementary sources of alpha, with its NOVA strategy serving as a...

Extracting Alpha from the Factor Zoo Through Systematic Investing

There are multiple ways to approach equity investing and, ultimately, the pursuit of alpha. While many strategies rely on market direction or discretionary stock...

Apoteket CIO Leans on Hedge Funds for High Sharpe

Gustav Karner, Chief Investment Officer of Apoteket’s Pension Fund since 2017, has delivered one of the highest Sharpe ratios among Sweden’s largest institutional investors,...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -