John Porter (Barclays Treasury) interview
Was rereading Drobny and came across this interview. Thought it was interesting because you don't hear about long term macro managers that much. For equities you have the long/short platforms like SAC vs. long term managers like Greenlight; on the macro side though, everyone seems concentrated on the short horizon side so this guy is more of an anomaly. He basically applies a contrarian strategy to RV fixed income and buys when people are unwinding big consensus trades that lock in positive carry. Doesn't have to worry about the MtM because of his role in treasury and can hold to maturity.
Anyone know how he is doing? Did he survive the crisis / is he still at Barclays doing this?
No, he's not at Barclays... Google and ye shall find.
Yeah I later found that out and also saw your post about 2013. Was also looking for thoughts on the approach he used since it seemed somewhat uncommon in macro world. This is more or less value investing in macro instruments - why aren't there more places that do this? Investors can be convinced to lock up their money for multi year periods for certain equity funds, why not for macro?
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