global macro
5 statements across 5 episodes · 4 bullish · 1 bearish · 5 people on the record · first statement May 20, 2019 by Tim Recker · across every show →
Everything said about global macro, oldest first
May 20, 2019 bearish
Recker: Irvine avoids global macro hedge funds due to market-timing skepticism
“So we have biases against certain hedge funds. So we don't like global macro. We think very few people possess the ability to pick market cycles, et cetera. So we just don't do very much of it. And we don't think we possess that skill.”
Oct 25, 2021 positive
David Swensen urged Bowdoin to exit global macro, but Volent refused
“And when I first got there, David would look over my shoulder and say, no one can anticipate interest rates. You should get rid of these investments in global macro. However, those have been a signature part of Bowdoin's portfolio.”
May 5, 2022 bullish
Drobny: Private markets are effectively long equity; macro provides real diversification
“Venture strategies, private equity, real estate, they're all equity strategies, and so if you look at your portfolio, you're going to be long S&P, basically. So macro provides a diversifier, and if it's not working, great, the rest of your portfolio is working…”
May 29, 2023 positive
Blitz: Repeatable Macro Alpha Comes From Trade Structuring, Not Thematic Bets
“So the thing that we think is repeatable is having an edge in trade structuring and implementation. So basically instead of saying, I'm going to put all my eggs in the Euro basket or put all my eggs in the basket of the tenures going up, sort of view things th…”