GLOBAL MACRO ARBITRAGE:
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 ONLINE

Order 'Macro Trading and Investment Strategies' online with Amazon.com or J Wiley & Sons

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

Read the preface to the Japanese book edition BOOK PUBLISHED IN JAPAN IN 2001: "MACRO ARBITRAGE: NEW HEDGE FUND STRATEGIES"