Bridgewater's macro play: long gold, oil and the Euro
November 05, 2012
Top hedge fund strategists talk about wishful government policy and how to preserve capital.
Leading hedge fund economists slammed government fiscal policy in a lively debate at last week's Absolute Return Symposium about the macroeconomic forces shaping investing.
Macro debate at the AR Symposium: Bonanca, Dimick, Howard (L-R) (Photo: Axel Dupeux)
"For all of the policy interventions that have been pursued over the past few years, none of the imbalances have been addressed," said Jason Bonanca, head of strategy and research at $5 billion MKP Capital Management (performance data here). "That is a remarkable thing: we have thrown so much at the wall in terms of policy response and not had a sustained...
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