(Opalesque) “The rise of hedge funds as actively managed investment vehicles is closely related to the spectacular performance of global macro funds in the nineties when they shone with stellar and consistently positive returns for almost a decade,” says senior portfolio manager Franz Odermatt in Crossbow Partners’ April newsletter. However, macro hedge funds have not been performing well in the last years, and managers are looking into a more combined approach to running the strategy.
The Big Picture: Global Macro Hedge Funds, Then and Now
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