Bridgewater's macro play: long gold, oil and the Euro

By Lawrence Delevingne

Mon Nov 5, 2012



Top hedge fund strategists talk about wishful government policy and how to preserve capital.


   
 

 Macro debate at the AR Symposium: Bonanca, Dimick, Howard (L-R) (Photo: Axel Dupeux)

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.

"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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