Macro funds attract attention as markets continue to wobble

Wed Apr 18, 2012

Global investors are waking up to the potential of Asian macro funds – a burgeoning category that is notching up some notable success stories

Daniel Jim Andrew Gale
Matt Pecot Robert Howe
Macro funds are still relatively rare in Asia but gaining popularity as the region’s volatile stock markets drive managers to seek cover and find other ways to make money in a topsy-turvey market. The fact that some of the most successful funds from Asia in the past few years, such as Dymon Asia and Ortus Capital, are macro strategies has also been helpful in raising the category’s profile among global investors.

And yet the macro category remains largely uncrowded in Asia, where equity long/short funds still dominate. According to the AsiaHedge database, there are only 27 Asian macro funds, compared with 99 Chinese equity funds, in the market today. While historically few Asian managers traded global macro, in recent years they have come into their own and had considerable success trading Asian macro. The growth in the macro sector has also...

ISSN: 2151-1845 / CDC10004H

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