Macro Funds Basking While Others Wallow — Why?
Hey all, I’m interested in hearing your views as to why macro funds as a class seem to have outperformed so much year-to-date? I would guess that funds employ a strategy that depends on their views of economic and political trends — and macro risks have been paramount this year, but shouldn’t there be a group of macro funds that bet on further stability and low inflation? Conversely, if funds were betting on high volatility across macro risk factors, would these funds have underperformed in the past decade of stable economic trends?
Macro is dominating the near-term narrative.
Macro should do well when the VIX is above 20. Macro funds have been debating inflation has been coming since 2010, no way anyone said inflation is low coming into 2022.
Macro funds have the optionality to trade any liquid asset. They have not been locked into a specific strategy/factor/asset which may suffer in this macro environment. They have placed some good trades on both long and short side. You must have read about some of them in the press such as Bridgewater shorting European stocks, etc.
Quisquam quaerat quis et natus magni architecto. Libero voluptate iusto ullam et blanditiis magni. Mollitia aliquam neque itaque ipsum. Velit sed sed dolores.
Incidunt dolore et atque occaecati sapiente voluptate. Aut accusamus temporibus quia sed sit aut. Et accusantium est vel aut sequi sit quia.
Explicabo et molestiae consectetur quidem. Voluptas quia ea aliquid tempore. Sit iure consectetur ducimus corporis.
Porro sed dolore fugit iure non. Ad nostrum aspernatur qui provident. Dolorum ad qui laboriosam eveniet qui sint impedit. Ut est sed rerum incidunt voluptate assumenda.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...