GLOBAL MACRO ARBITRAGETM:
A NEW HEDGE FUND
INVESTMENT STYLE
This
book opens with the first systematic
presentation with examples of the
"global macro" hedge fund
investment style, a strategy pioneered by
Soros, Robertson et. al. based primarily
on (directional) views on macroeconomic
trends. This is an original book however
proposing a new macro trading and
investment strategy: Global Macroeconomic
Arbitrage.
The
new investment philosophy is to detect
and take advantage of "holes"
between market relations and their
underlying macroeconomic relations. The
arbitrage of such macroeconomic
mispricings in global markets is done
through non-directional long/short or
overweight/underweight strategies.
Although using macroeconomic information,
the trades are ultimately long/short and
even market neutral which makes macro
arbitrage a new long/short trading and
investment strategy.
Written
in the midst of the "global
financial crises domino", the book
has dozens of examples showing how to use
macro arbitrage in market turmoil and how
the recent global financial crises
contributed to closing macro mispricing
gaps in markets.
Market
dislocations during crisis periods are
shown to be macro arbitrage
opportunities. The book proposes thus one
possible path from subjective
macroeconomic views-based investment and
trading to arbitraging objective macro
mispricings in global markets.
Order
'Macro Trading and Investment Strategies'
online
with Amazon.com or J Wiley & Sons
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NEW: Financial Times - June 27 2002
"Mr Burstein has developed a strategy called macro-economic arbitrage that he thinks could go some way to filling the gap..." READ MORE
NEW:
Read the Financial Times article: 'Desperately seeking fresh strategies'
by Robert Clow, Global Investing 27
June 2002
Read the Financial Times article: 'Burstein's
each-way-bet'
by Daniel Bögler, Global Investor 14
June 1999
INNOVATE OR PERISH: CHANGING GLOBAL MACRO TO HELP IT SURVIVE IN DIFFICULT MARKETS
'Macro
Arbitrage: a solution to hedge funds'
directional problems',
Fund Management section edited by Mike
Foster, Financial News 26 July 1999
GLOBAL MACRO EQUITY MANAGER
GLOBAL MACRO MULTI-ASSET QUANTITATIVE STRATEGIST
PRESIDENT, BURSTEIN MACROARB CAPITAL
HEDGE FUND STRATEGIST
HEAD OF RELATIVE VALUE SALES AND RESEARCH
HSBC SECURITIES USA, NEW YORK, 2000 - 2003
MACRO EQUITY PROPRIETARY TRADER AT
GOLDMAN SACHS, 1992 - 1995
SENIOR EQUITY TRADER AT
MERRILL LYNCH, 1995 - 1996
HEAD OF SPECIALISED EQUITY
SALES & TRADING AT DAIWA EUROPE, 1996 - 1999
See complete author profile
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