Market Wizard Marcus is back


Michael Marcus, one of the former Commodity Corporation's most profitable traders, plans to open a global macro fund in January. Marcus has been out of professional money management since leaving Commodities Corp. in 1988, but since then has traded his own macro account and pursued various types of other investments, including oil drilling.

His career as a trader, co-worker and friend of Caxton's Bruce Kovner is well-known to industry players from Jack Schwagers' 1989 series of interviews with successful industry traders, "Market Wizards." According to the book, for a period of years Marcus' profits totalled more than those