Now Forbes is offering an inside look at global macro hedge fund strategies in a new publication, Inside Global Markets.
Prominent global macro hedge fund manager Caxton Associates LP recently reduced its management fee by 0.40% and its incentive fee level by 2.5%.
John Burbank, founder of Passport Capital LLC, a San Francisco-based macro-hedge-fund manager, thinks the macro-driven environment will persist for some time.
Stephen Jen of SLJ Macro Partners, a hedge fund, thinks that the Chinese may have been buying as much sovereign debt from struggling states as the European Central Bank (ECB) has.
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In some respects, he was an early hedge fund investor, first in macro in the 1920s, and then in equities in the 1930s.
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He says he now is focusing on a global bond fund and spends his days reading macro-oriented publications and research from gloomy economist Nouriel Roubini.
As an important LP (and a rare one with lots of cash to put to work), a Pharma can also influence the nature of the deals done by the fund, and can shape the macro venture fundraising environment by only investing in funds that will do early stage innovation vs later stage incremental assets.
The foregoing does not gainsay the vital role played by the International Monetary Fund where its austerity measures and other macro-economic adjustments can work.
That enthusiasm means other kinds of hedge fund are busy buffing up their expertise in macro.
That made macro funds one of the most popular types of hedge fund.
Dean Curnutt at Macro Risk Advisors figures that in early March the Credit Suisse fund had to trade the equivalent of 3, 300 VIX futures contracts daily, or about 4% of the entire day's volume.
The fund was ranked No. 1 for its long-only macro strategy by BarclayHedge in Iowa this month.
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The overall Hennessee Macro Index was off 2.1%, faring better than the other hedge fund indices as some funds were positioned conservatively in Treasuries, TIPS and gold.
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