(Bloomberg) Macro managers, who have struggled for much of the last decade, are once again expecting a winning year. This time, they might be right. The main reason for optimism is the increased volatility in markets that began in 2018 with rising interest rates in the U.S., trade wars with China and populist politics in Italy. The turbulence helped several old macro hands including Paul Tudor Jones and Alan Howard profit after posting losses or sub-par gains.
Where Some of the World’s Top Hedge Funds Will Invest in 2019
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