What Is a Global Macro Hedge Fund?

Global Macro Hedge Funds refers to the use of basic principles of macroeconomics to identify imbalances and mismatches in the prices of financial assets. Globally, it makes leveraged bets on foreign exchange, stocks, bonds, futures and options. In order to obtain high-yielding funds. Soros's Quantum Fund, Tudor Investment, etc. are among them.

Global Macro Hedge Fund

Right!

Global Macro Hedge Funds refers to the use of basic principles of macroeconomics to identify imbalances and mismatches in the prices of financial assets. Globally, it makes leveraged bets on foreign exchange, stocks, bonds, futures and options. In order to obtain high-yielding funds. Soros's Quantum Fund, Tudor Investment, etc. are among them.

Chinese name

Global Macro Hedge Fund

Foreign name

Global Macro Hedge Funds

Fundamental

Macroeconomic

On behalf of

Soros's Quantum Fund, Tudor Investments

George Soros

George Soros founded the First Eagle Fund in 1968, the predecessor of the Quantum Fund. When a global stock market disaster occurred in the late 1980s, he predicted that the Tokyo market would fall even more than New York, and it became famous in the international financial community because of the words. The 1992 sniper made a huge profit of 2 billion U.S. dollars. In 1997, international financial speculators led by Soros set off a wave of selling Thai baht, which was considered to have directly triggered the Southeast Asian financial crisis. Mahathir, then Prime Minister of Malaysia, called it "a vicious beast lurking in financial markets." However, Soros short-sold the Hong Kong financial market in 1997 and short-termed the Hong Kong dollar and the Hang Seng Index. However, the Hong Kong SAR government counterattacked and ended in failure. Soros's core investment theory is "reflective", which simply means an interactive influence between investors and the market.

Julian Robertson Julian Robertson founded the Tiger Fund for $ 8 million in 1980. The Tiger Fund is one of the most well-known macro hedge funds, which goes hand in hand with Soros's Quantum Fund.

Julian Robertson

In the late 1980s and early 1990s, Julian accurately predicted that after the fall of the Berlin Wall, the German stock market would enter a bull market, while the short-selling bubble reached the peak of the Japanese stock market. In 1992 he foresaw the disaster of the global bond market. In 1993, the Tiger Fund Management Company's hedge fund, the Tiger Fund (together with Quantum Fund), successfully attacked the pound and the lira, and obtained huge profits in this operation. Its total assets reached a peak of $ 23 billion in 1998, becoming the largest hedge fund in the United States.

In the second half of 1998, the Tiger Fund made mistakes in a series of investments and has since gone downhill. By March 31, 2000, Robertson announced the end of all its six hedge fund businesses when the Tiger Fund had fallen from a peak of $ 23 billion to $ 6.5 billion as a last resort.

Bruce Koffner Bruce Koffner is the head of Caxton, one of the most successful global macro hedge funds. Cofner, who had studied at the Kennedy School of Government at Harvard University, had hoped in the active political arena in the early years. However, his political career was not smooth, and he turned to the capital market.

Bruce Koffner

In 1983 he established the Caxton Fund. The fund trades asset classes in this region by observing the nature of macroeconomic cycles in multiple economic and political regions and capturing the characteristics of each economic cycle. He has personal relationships with the finance ministers of many countries, which allows him to more accurately grasp what monetary and fiscal policies each country will adopt, which is very useful for protecting its position in the foreign exchange market.

Paul Tudor Jones Paul Tudor Jones founded the Tudor Futures Fund in 1984 for $ 1.5 million. "Black Monday" on October 19, 1987 can be said to be a nightmare for investors who witnessed the history of the global stock market repeating the 1929 crash. However, in the same month, the Tudor Futures Fund managed by Jones earned a 62% return on investment.

Paul Tudor Jones

Game "Ampere Trading"

In 2012, Japanese Prime Minister Shinzo Abe pushed down the yen exchange rate after taking office, making the exchange rate fall by 20% in just 4 months. The "Global Macro Hedge Fund" took advantage of the opportunity to sell the yen, which led to the so-called "Abe trading" boom. Among them, the famous speculator Soros reportedly sold the yen for more than three months from November 2012 to February 2013 Net profit of nearly $ 1 billion.