First Quadrant this week announced the launch of a new global macro strategy. Fund manager and firm CIO Max Darnell says the strategy aims to exploit global macro's inherent flexibility, low transaction costs and high level of liquidity.
First Quadrant's global macro strategy will trade some 30 markets, taking a relative-value approach, tactically shifting assets to exploit opportunities and to manage risk. Markets traded will include global equities and debt as well as commodities, one of First Quadrant's historical areas of strength. The inclusion of commodities is notable because many investors have been seeking to up exposure to commodities