Return of the macro warrior


The art of successful hedge fund investing has always been to balance carefully the subtleties of the strategies they were mixing and knowing what would trigger their dark side to emerge, when and for how long

By Niki Natarajan

When Carl Gustav Jung first articulated the idea of archetypes in the human persona, he could not have foreseen the emergence of the hedge fund industry’s own archetypal derivatives: gold (sage or wise man); global macro (warrior); equity (hero); arbitrage (advocate); fixed income (mentor); commodities (alchemist); and currency (temperamental child).

An archetype is a universally understood symbol or pattern of behaviour that is copied by others and so not too dissimilar to the strategy buckets into which investors typically put different types of hedge funds.

Like the light or good and