Howard Marks: It’s Tough to Be Good at Macro Investing

Global macro hedge funds choose positions in various equity, fixed income, currency, commodities and futures markets based primarily on the economic and political views of various countries or their macroeconomic principles. According to last month’s Barron’s, they’ve suffered poor performance of late. Last year, the article notes, the benchmark HFRI Macro Index returned only 1.29%, trailing the overall hedge fund index’s return of 5.51%.”Their relatively good performance amid the financial crisis in 2008 and 2009… Read More