This fascinating book will take you into the world of current global macro investing. Steven Drobny interviews 13 successful traders, analysts and fund managers who participate in global macro investing in many different ways. Although some of the discussions are technical (but never mathematical), they are readable and easy to understand. Drobny also provides some information on the origins and early years of global macroeconomic investing, from John Keynes to George Soros. He talks to his interviewees about their backgrounds and asks their investment advice. His question-and-answer approach keeps things moving. getAbstract enjoyed Drobny’s descriptions of the people he interviewed, though the interview-style format leads to somewhat choppy data. This book is surprisingly fun for what could have become a very dense, technical tome in less skilled hands.
In this summary, you will learn
- Why global macro investing is difficult to define;
- How hedge fund managers use macroeconomic conditions to earn large risk-adjusted returns; and
- What hedge fund experts say about the skills you need to be a trader.
About the Author
Steven Drobny has worked in various countries for a major international bank’s hedge fund group, and is co-founder of a consultancy that provides macroeconomic research to leading global hedge funds.