Global Macro: Theory and Practice
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Global Macro: Theory and Practice

Global Macro: Theory and Practice


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About the Book

Table of Contents:
Introduction Isaac Souede, Permal Group 1. Global Macro: Origins, History, Prospects Andrew Rozanov, Permal Group 2. Discretionary Global Macro: A Manager's Perspective Kenneth G. Tropin, Graham Capital Management, L.P. 3. Systematic Strategies: A Quantitative Approach to Global Macro Menachem Sternberg, Eagle Trading Systems, Inc 4. The Different Shades of Macro Igor Yelnik 5. The Role of a Global Macro Strategist Grant Wilson, Civic Capital 6. Emerging Markets in Global Macro Investing Gene Frieda, Moore Capital 7. Risk Management in Global Macro Funds Barry Schachter 8. Geopolitical Risk in Global Macro Investing David Murrin, Emergent Asset Management 9. Global Macro: A Prime Broker's Perspective Barry Bausano, Deutsche Bank Securities 10. Understanding Global Macro Leverage John Casano, Financial Diligence Networks LLC 11. Global Macro: An Investment Consultant's Perspective Simon Fox, Mercer 12. Global Macro: a Fund of Hedge Fund's Perspective Omar Kodmani and Andrew Rozanov, Permal Group 13. The Case for Global Macro in Institutional Portfolios Arjan Berkelaar, KIMC U.S. Inc 14. GTAA and Global Macro for Long-Term Institutional Investors Gerlof de Vrij, Roy Hoevenaars and Pieter Jelle van der Sluis, Blenheim Capital Management BV

About the Author :
Andrew Rozanov Andrew Rozanov is Managing Director and Head of Institutional Portfolio Advisory at Permal Group, responsible for advising sovereign wealth funds and other long-term institutional investors on various aspects of asset allocation, portfolio construction, risk management and alternative investments, with a particular focus on global macro and tail risk strategies. Before joining Permal, Mr. Rozanov was at State Street, where he was Managing Director and Head of Sovereign Advisory, working closely with the Portfolio and Risk Management Group. Prior to that, he held various roles at State Street Corporation in London and Tokyo, and he also worked at UBS Investment Bank in Japan. Mr. Rozanov is well known in the industry for having introduced the term 'sovereign wealth funds' in an article in Central Banking Journal in 2005. He is a Chartered Financial Analyst (CFA), a Financial Risk Manager (FRM), and a Chartered Alternative Investment Analyst (CAIA). He holds a Master's equivalent degree in Asian and African Studies from Moscow State University.

Review :
"Congratulations to Permal for organizing a marvelous contribution to understanding global macro investing - a must read! Often I am asked to recommend a book so that one can better understand this approach - and Permal has provided such insight with a diverse, articulate group of professionals." - M. ELAINE CROCKER, President, Moore Capital Management, and former Executive Vice President of Trading Administration, Commodities Corporation " - a thoughtful look at one of the main investment styles in alternatives - global macro, making a strong case for its long-term investing value. I have no doubt it will help investors immensely in navigating the challenges of portfolio construction." - ARMINIO FRAGA, Chairman and Chief Investment Officer, Gavea Investimentos, and former Governor of the Central Bank of Brazil "Global Macro: Theory and Practice is an important primer for institutions seeking to understand macro from two sides of the looking glass: the view of practitioners like myself and the view of investors. The broad range of topics covered - discretionary versus systematic approaches, the role of risk management in macro, the role of policy analysis and prediction in macro, among others - will draw institutional investors into the stimulating world I have lived and breathed for three decades." - PAUL TUDOR JONES II, Co-Chairman and Chief Investment Officer, Tudor Investment Corporation " - a compulsory read for investors who want to fully understand the different styles, strategies and challenges of macro." - COLM O'SHEA, Founder and Chief Investment Officer, COMAC Capital LLP "A well-conceived and superbly executed volume that is a must read for anyone interested in portfolio management... The central takeaway: a properly constructed and sized allocation to global macro managers will improve the expected risk-adjusted returns of any investment portfolio." - F. HELMUT WEYMAR, Founding Chairman and Chief Executive Officer, Commodities Corporation


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Product Details
  • ISBN-13: 9781906348908
  • Publisher: Risk Books
  • Publisher Imprint: Risk Books
  • Height: 280 mm
  • ISBN-10: 1906348901
  • Publisher Date: 05 Nov 2012
  • Binding: Hardback
  • Width: 230 mm


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