MACROECONOMIC ARBITRAGE IN GLOBAL MARKETS

DR. GABRIEL BURSTEIN

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GLOBAL MACRO ARBITRAGE:
A NEW HEDGE FUND
INVESTMENT STYLE

Cover: Macro Trading and Investment Strategies - Macroeconomic Arbitrage in Global Markets Author, Dr. Gabriel Burstein

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.

Macroeconomic Arbitrage

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.



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NEW: INNOVATE OR PERISH: CHANGING GLOBAL MACRO TO HELP IT SURVIVE IN DIFFICULT MARKETS

Japanese edition cover Read the preface to the Japanese book edition

BOOK PUBLISHED IN JAPAN IN 2001: "MACRO ARBITRAGE: NEW HEDGE FUND STRATEGIES"


Click here to read the Financial Times article

Read the Financial Times article: 'Burstein's each-way-bet' by Daniel Bögler, Global Investor 14 June 1999


Click here to read the Financial News article

'Macro Arbitrage: a solution to hedge funds' directional problems', Fund Management section edited by Mike Foster, Financial News 26 July 1999


Gabriel Burstein
Ph.D. Appl. Math, M.Sc. Comp Sci.

Global Head Traditional and Alternative Fund and Multi-Asset Portfolio Investment Strategy and Research

Former Global Head of Investment Research, Head of Mutual and Hedge Fund Research, Lipper and Wealth Management, Investment & Advisory Thomson Reuters (until May 2011)

10+ years Global Head Fund & Multi-Asset Portfolio Investment Strategy Groups focused on new fund products, asset allocation strategic/tactical, portfolio solutions/model portfolios, fund of funds, mutual and hedge fund/alternative research: Lipper, ex-HSBC and Daiwa Securities, Goldman Sachs and
Merrill Lynch

Book author
"Global macro investment strategy"
US and Japan 2001

cell (646) 637 6478
gabrielburstein@yahoo.com


Home || Book presentation || Author profile and published papers || Book contents
Japanese Book 2001/Preface || Hedge fund conference presentations
Burstein's hedge funds reading list || Links and ordering || Financial Times article || Financial News article


Send email to Dr G Burstein

© Dr Gabriel Burstein 1999 - 2001

 

DISCLAIMER

The opinions expressed in the book are solely those of the author and neither Daiwa Europe Limited or any of its affiliates, subsidiaries etc. within the Daiwa Securities Group accept any responsibility for them. Any investment decisions taken by readers should be undertaken following appropriate independent advice. The book is not intended as a substitute for such professional services nor is it intended to constitute, or to be construed as an offer or solicitation of an offer to buy or sell investments. Further, none of the individuals mentioned in the book has either authorized it or endorsed it.

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