macro hedge funds

“Well, and regardless of what you think, for example, of the macro managers, most of them have not gotten it right for a number of years now, so I'm not entirely convinced that that provides a lot of value added. Yes, you need to be aware of what's going on in …”

“It's very, very important to me that managers stay in their box. And for that reason, we don't hire any multi-asset managers. We don't have any macro hedge funds.”

“So much from our perspective of the value that's added in macro is Is actually done while you're waiting for the themes to play out. It's not capturing the big breakout of a theme. And frankly, if that's what you're trying to do, I don't think you pay someone …”

“And then macro, we just think volatility really across everything is going to stay elevated. So across equity markets, across credit markets, across interest rates, across commodities. And we think macro, both systematic and discretionary, are probably the bes…”

“A lot of macro tends to be more Babe Ruth than Ted Williams, and the investors grow impatient, they pull out, you have a big year, big two years, the money comes back in, rents and repeat.”

“There are two macro hedge funds dedicated to emerging markets today. Two of them. There's none doing commodities.”