During last week's MacroTwits discussion on StockTwits TV, Eric Jackson of Ironfire Capital posed a very worthwhile question to the group: who are the top global macro traders & investors of the day and what can we learn from them?
For those who may not know, global macro is a term used to describe a largely "top-down" approach to speculating and investing across multiple asset classes and locales. Macro traders and hedge funds often take a big picture view of emerging trends and geopolitical events and express their positions accordingly by speculating in any number of markets, be they debt, futures, currencies, or international shares.
The names of some now-legendary macro traders are probably familiar to most investors: George Soros, Jim Rogers, Stanley Druckenmiller, Louis Bacon, Paul Tudor Jones. But who are the rising stars and top practitioners of this investing style today?
That's a question we're going to examine a bit further in the weeks ahead. We'll start tomorrow with a look at one (seemingly) unlikely candidate and follow up later in the week with a rare interview from one of the recently established stars of the global macro universe.
In the meantime, check out the items in our related posts section for more on the movers & shakers in global macro trading. Know a great macro trader or hedge fund we should follow up on? Chime in at any time via the comments section.
Related articles and posts:
1. The Invisible Hands: Hedge Funds... (Stephen Drobny) - Marketfolly.
2. Paul Tudor Jones: Trader (documentary) - Finance Trends.
Monday, September 13, 2010
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2 comments:
Colm O'Shea at Comac Capital is one of the best young stars of macro. He hasn't had a down year in 5 years, was up 30% in 2008, and another 15% in 2009. In 2010 he's outperforming Paulson, Tudor, and Brevan. He is a former Soros protege so he's learned from one of the best.
Excellent, thanks for that comment. Will follow up on O'Shea. Nice to be a Soros protege, you get to learn from one of the masters of this style.
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