Tuesday, 30 April 2013

"Macro tourist" trade

What do Daniel Loeb and Bill Ackman have in common? Both are well known for their hedge fund activist investing. Loeb in the ensuing years has transitioned from activist to macro hedge fund manager; evident from his stellar return in Greek government bonds and most recently, from the Japan trade (initial currency/index trade). Ackman, despite his recent hiccup in few investments such as J.C. Penney (JCP) and Herbalife (HLF), had also dabbled in macro investing such as in Hong Kong dollar back in 2011. As Ackman put it recently, “The current printing of money is a 'non-sustainable' situation." Hong Kong should adjust is currency peg, he said, and he has a small position essentially shorting it.


Read more here: Articles by Hedgie


Poll: Are you a “macro tourist” or “widowmaker”?
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Poll 2) : Which trade do you think will give the better absolute returns, irregardless of the holding period/time frame?
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