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Global Macro Research
Hey everyone, For a long time I have been a value-oriented investor with a focus on special situations and deep value. Recently I have become interested in investing from the global macro perspective, and was hoping for some of you who are more knowledgeable than I to point me in the right direction...
Could someone enlighten the world of equity derivatives for me..
I recently had the pleasure of networking with a BB trader and one of the things he told me is that he thinks one of the best seats to get on a trading floor is a position as an equity derivatives trader, especially if you're interested in transitioning to a macro fund. Any idea why/if this is true?...
Execution Trader at Discretionary Macro Fund, Career killer or valid path to PM?
Title pretty much says it all. I'm already running my own sell-side books/risk and have some PnL history, trying to move to buyside. I'm still a little hesitant to jump into a buy-side sink or swim PM role at this point, but have some opportunities to work closely with some prominent discretionary...
Next steps in a New Global Macro Fund
I graduated in June with an Economics degree and am working now as a full-time intern in a small GM fund with AUM of about 25 million. I was hired to do fundamentals research since the fund invests mainly in ETFs and my PM believes it's important to understand macro trends. Most of the time I write...
Oil 2.0: The Rise of India's Middle Class
Currently reading "The $10 Trillion Prize: Captivating the Newly Affluent in China and India" by partners at BCG. Reminded me about an investment proposal I wrote (along with 2 others) last year. The portfolio described in the proposal has returned ~20% (positions entered in January 2013). Take a...
Question for Veterans in HF
Hi all, first time posting on the forums. I've been reading and trying to break into Global Macro, and my ultimate goal is to work for a Top Down Discretionary Macro Firm (big fan of soros, PTJ, druckenmiller, moore, kovner). I'm just out of college so this may be very specific, but if this is my...
Global Macro in Europe vs. U.S.
So I'm working for a start-up HF as an analyst, we do mostly L/S with a global macro overlay. I'm French/American and long-term I would very much like to stay and work in Europe. What difference does working in London vs. NYC make in terms of schedule for a macro PM? Does a macro PM in London keep...
Where do I belong? (top-down investing)
Hello WSO , I am a BBA student seeking advice on what to do to best enjoy my experiences as a professional investment manager in the future. I'm almost certain that I want to end up at a hedge fund because of their commission-incentive structure, but I know that there are many different kinds of...
Global Macro trade Ideas
I have to complete an assignment given to me in 2 days. I was asked to generate some trade Ideas across asset classes. I would like to have a look at some sample "Global Macro trade Ideas". Since I am new to this I think looking at some sample trade ideas would help me.
Positioning oneself for Global Macro via BB - foolish?
Hey all, posting on behalf of a friend, but am also interested. Yes this is another grad looking at BB > HF / PE thread, but it's with the best intentions (ie. experience gained through genuine interest in the role, not just money to be made). How foolish is it to enter finance (FICC S&T , economics...
New Global Macro Fund launched - TGSF Advisors
Jawad S. Mian, former CIBC and QInvest PM is starting a new global macro fund, The Good Society Fund (TGSF), see this presentation . Themes - Developed economy governments insolvent; burdening unemployment becoming a source for increased social and economic strain - Process of deleveraging and...
Macro HF Interviews: Paul Tudor Jones, Louis Bacon and Bruce Kovner
I came across this recently and thought someone might be interested. The interviews are a bit old, but still fun to read I believe. For the mods, I thought about making 3 separate threads but decided it would be a bit annoying, but feel free to divide them if you think it's best. Paul Tudor Jones II
Eaglevale Partners??
Anyone have any information about Eaglevale? Other than the obvious stuff that I can find online- e.g. the founders etc. Guess they started trading early-mid 2012. I'd appreciate any insight- Thanks!
what's a typical day like as a global macro hedge fund analyst?
I have seen a lot of discussions on this forum regarding the "typical" career path to global macro; however, I have not seen much discussion on what is a typical day like as a global macro hedge fund analyst. Any inputs to fill the gap here? As a broader question, what are the differences among the...
End of Macro?
Hey guys, In light of the recent underperformance of the most famous macro managers, and the general trend towards lower cross-market correlations, lot of people have been talking about how the era of the macro mavens may be coming to an end. Thoughts, monkeys?
Macro trading ideas with top PM
Hi guys - TLDR; For a complete noob to markets / trading , what would you reccomend I start doing to bang out some investment ideas? I'm a trading / finance noob but my mentor asked me to start coming up with trading ideas that he'll go over with me every week to help me learn how to invest. . . . ....
Closed! - Macro Trading
Thank you very much!
Futures and Foreign Exchange trading questions
I've been asking a lot of questions on here lately hope no one minds. This is a great resource for me So I have been trading stocks for a while and have always been more interested in the concept of futures and foreign exchange. I like to focus on the world economy and the bigger picture. I like the...
Is Druckenmiller wrong?
Few people on Wall Street have garnered as much respect from the investment community as Stanley Druckenmiller. A master of all markets, his spotless record and daring trades made him an idol for generations. As for the Central Bankers who were on the other side of them, he was the boogeyman. He is...
Is this it for the Euro?
Oh man do we have an interesting week ahead of us. While the Finnish citizenry rejoice and carouse over the True Finns landslide victory, I see three, very powerful and very influential people squirming in their seats; Merkel in Germany, Socrates in Portugal, and the Ben Bernank in the States. For...
Global Macro - Instinct and Pattern Recognition
I keep hearing Global Macro managers talking about good instinct and pattern recognition. What do they mean? They speak in such general terms it's hard to figure out if it's something I'm interested in or may be good at, but it does sound intriguing. Can someone give me some specifics on what they...
Developer to Global Macro Fund Manager - Any advice would be appreciated
Hi guys, This is my first time posting here. I would really appreciate any advice on my current situation: Where I am: male, mid 20's, master of CS major(non-target school I guess), started working as a developer half a year ago, currently supporting an equity trading desk(flow) in a small IB . My...
Danny Yong Interview - Head of Dymon Asia Capital
I posted this in the Forbes Hedge Fund Top 40 thread but I think it deserves space of its own. This guy took home $40 million last year as an Asia focused global macro fund manager, and started with seed money from Tudor Investment Corp. He talks about a number of things, but the biggest takeaway...
Why do Global Macro PMs come from equities or commodities backgrounds?
Not necessarily the case, but in terms of great managers: Equities - Soros, Druckenmiller, Robertson Commodities - Dalio, Tudor Jones, Kovner Why is this the case? Is working in commodities the best route towards global macro?
Think quickly! what's the financial play following the death of Kin Jong Il
As sick as it sounds, I've been waiting for an event like this to blog. This announcement seems unprecendented and its big enough to be able to make a profitable financial play. Here are my thoughts: While this might bring joy and relief tonight, tomorrow morning the feeling is going to turn into...
Best Macroeconomic Book
Hey guys, RE development guy here, looking for a better general understanding of the global economy. Can anyone recommend a good book on the topic? I wouldn't say that I'm completely without knowledge, but seeking pretty basic info. I regularly read WSJ, but would love a book to shore my info up....
There be Tigers cubs here
Global macro is undoubtedly one of the most pursued styles in the hedge fund world, and for the monkeys interested in it, you might find this to your liking. Opalesque TV has recently interviewed Argonaut Capital founder David Gerstenhaber about global macro and the Tiger cub had a lot interesting...
Alan Howard
Do you guys think that Alan Howard is the most reclusive hedge fund manager out there? I have been trying to get info on him and Brevan Howard , and it seems like both man and firm are pretty secretive. He is a billionaire and they don't even have a photo of him. One cool fact about him that I read,...
WSO's Most Wanted CEOs
Inspired by a recent employer attractiveness survey , Jorge, an obscure yet devastatingly handsome writer for the world’s premiere finance community, Wall Street Oasis, has decided to run a survey on who are the most attractive CEO’s in Wall Street to work for. Choosing from over 20 nominees...
Tuesday's Great Debate: Soros, Buffett, and Models
The Black Swan author Nassim Taleb was in Canada last week for the Salon Speakers series and was asked by an audience member; if given a choice between investing with Buffett and billionaire investor George Soros, who would he pick? The former prop trader said he would probably pick Soros, and...
Has Tudor Investment Corporation become a quant fund?
They don't seem to engage in as much discretionary global macro relative to their quantitative strategies. However, this observation is only founded on the basis of the linkedin employees. If they are making such a transition to have more than half their assets and employees devoted towards quant...
Inflation and Central Bank balance sheet
I have a quick macro question for all you macro geniuses on WSO ... How does the amount of Treasuries purchased by the People's Bank of China affect the inflation rate in China?
Hedge Fund Kings
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it’s pretty much a cross section of the funds found on this recent thread . (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the...
Getting into a Global Macro Hedge Fund
Out of the different avenues I could try to pursue in finance, right now working at a global macro could be the most appealing to me. I have little interest in investment banking. It seems like the good hedge funds only take post mba students. Aside from investment banking, would be some good paths...
Developing an edge in global macro trading - Please shed some light
Hi all,
Equity Derivs vs Convertibles - Exit Opps into Global Macro?
Hi I was wondering if anyone could shed some light on which of these (equity derivs or convertibles trading ) would provide a better exit opportunity into the buyside, specifically global macro HFs??
Is there such a thing as Insider Trading in Global Macro trading?
I haven't heard of any, but I could imagine that if you're say a global macro trader (rates,credit....etc) in a HF and your friend happens to work for some Central Bank/Ministry of Finance in an emerging market/developed economy, you could be making lots of money. I would consider that insider...
Macro Analyst Salary at a Platform
Hey everyone I was hoping someone could give me a salary range for an analyst role for a macro strategy at one of the platform HFs , i.e. Graham, Millennium, Caxton , etc. I have worked at small macro firm for past two years and am pretty close to accepting an analyst job at a large macro platform....
Japan
It’s pretty late but the tragic events in Japan have been running through my mind. First off, my heart goes out to all the Japanese. I’ve experienced my share of natural disasters but nothing that could even compare to what you are going through now. I’ve never been there, but over the years...
The Feedback Approach in Global Macro
I was doing some reading about how managers approach finding ideas in the global macro space and I came up on a book (Asymmetric Returns by Alexander Ineichen) which briefly discussed some of the approaches mangers use to finding trade ideas. One of them was the feedback approach which is to play...
Sophisticated Family Offices
I was wondering if anybody knows who are some of the most sophisticated players in the Family Office space. My dream job would be running my own family office (I'm not sure you can even call that a job) and I was wondering if there were any good examples of particularly sophisticated family offices...
Question on Global Macro
I know most Global Macro HFs employ a top-down analysis and trade based on the macrofundamental environment. However, I was wondering if anyone knew to what extent any global macro's utilize a bottom-up approach to anything they do in regards to the stock market. Do traders or PMs have any knowledge...
A “Buffet Style” Approach to ER
On the buy side what mutual funds and on the sell side ER divisions are the most focused on “Buffet Style” in their research (e.g. reading annual reports rather than quantitative [esp. Modern Portfolio Theory based] modeling)? Additionally, do you know of any mutual funds or buy side ER...
Passport like Firms
Are there any other major Firms like Passport Capital. Passport seems like a blend between event/equity long short and Global Macro
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