Economics
Markets No Longer Make Sense to Macro Managers
- Macro hedge funds suffer their worst first-half since 2013
- Andrew Law posts record losses of 10.4 percent this year
Why Macro Managers Find Themselves in Troubling Times
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Financial markets no longer make sense to macro managers like Mark Spindel.
After spending three decades focusing on things like economic trends, currency moves, politics and policy, Spindel has been confounded by markets shaped by low volatility, algorithms and more. He finally gave up and closed his nine-year-old hedge fund.