global macro? what is that
Saw this review on FT recently:
With Inside the House of Money, Steven Drobny, co-founder of Drobny Global Advisors, a macroeconomic research advisory company that counts several of the world’s largest hedge funds among its clients, attempts to address this problem for one particular strategy – the so-called “global macro funds”. He has done a good job, and the book could be very useful for anyone who has entrusted money to funds in the sector.
...
The book highlights the key points in the evolution of global macro hedge funds in more recent times, from the stock market crash of 1987, 1992’s Black Wednesday – when sterling was forced to leave the European Union’s exchange rate mechanism under a speculative attack led by Soros – and the financial crises in Asia in 1997 and Russia in 1998, which nearly led to the collapse of Long Term Capital Management, then one of the biggest macro funds.
...
When asked about the characteristics he rates most highly when hiring, Siva Jothy seems to bear out the observation that macro traders are not arrogant. “Passion and humility are the main qualities I look for but first and foremost – it sounds a bit cheesy – I ask myself: is this a good person? Is this someone I want to sit next to me that I trust and want to work with? Integrity is the single most important thing to me in hiring,” he says.
With Inside the House of Money, Steven Drobny, co-founder of Drobny Global Advisors, a macroeconomic research advisory company that counts several of the world’s largest hedge funds among its clients, attempts to address this problem for one particular strategy – the so-called “global macro funds”. He has done a good job, and the book could be very useful for anyone who has entrusted money to funds in the sector.
...
The book highlights the key points in the evolution of global macro hedge funds in more recent times, from the stock market crash of 1987, 1992’s Black Wednesday – when sterling was forced to leave the European Union’s exchange rate mechanism under a speculative attack led by Soros – and the financial crises in Asia in 1997 and Russia in 1998, which nearly led to the collapse of Long Term Capital Management, then one of the biggest macro funds.
...
When asked about the characteristics he rates most highly when hiring, Siva Jothy seems to bear out the observation that macro traders are not arrogant. “Passion and humility are the main qualities I look for but first and foremost – it sounds a bit cheesy – I ask myself: is this a good person? Is this someone I want to sit next to me that I trust and want to work with? Integrity is the single most important thing to me in hiring,” he says.
posted by g.e. at 11:51 PM
0 Comments:
Post a Comment
<< Home