The macro, or asset-allocation, approach is to place bets on broad categories of assets, such as German bonds or emerging-market stocks.

ECONOMIST: A survey of fund management

Macro hedge funds use tactical asset allocation strategies in an attempt to bet the markets.

FORBES: More Bad News for Market Timers

In it were some insightful nuggets on the macro picture and ideas for asset allocation for the coming year.

FORBES: Top J.P. Morgan Strategist (Anxiously) Bullish on 2011

Macro keeps us on the sidelines as we see risk of below consensus growth, but note strong capital allocation and growth records.

FORBES: Gartner: Goldman Cautious, Citing Macro Concerns