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Macro Trading and Investment Strategies

By Gabriel Burstein

Macro Trading and Investment Strategies Law

Macro Trading and Investment Strategies

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Description
FROM TRADING SUBJECTIVE MACROECONOMIC VIEWS TO ARBITRAGING OBJECTIVE MACRO MISPRICINGS: A NEW WAY TO TRADE GLOBAL MARKETS Macro Trading and Investment Strategies is the first thorough examination of one of the most proficient and enigmatic trading strategies in use today-global-macro. More importantly, it introduces an innovative strategy to this popular hedge fund investment style-global macroeconomic arbitrage. Dr. Burstein, an ex-Goldman Sachs macro proprietary trader who now heads a hedge funds-dedicated equity sales group at Daiwa Europe, proposes a new global macro strategy that is nondirectional and more objective. The classic global macro strategy utilizes macroeconomic information to anticipate market direction through subjective views. As a result, global macro has a strong subjective-directional component. Based on objective mispricings of macroeconomic information in stock market index and stock sector index spreads, a new long/short arbitrage strategy is presented here that capitalizes on the correction of objective macroeconomic mispricings. These macro arbitrage strategies are evaluated and tested in volatile markets such as the "domino effect" of the global financial crises of 1997-1998 that led to a hedge fund crisis. In fact, the book shows how global financial crises create strong macro arbitrage opportunities while also being a catalyst for correcting preexistent macro mispricings. Macro Trading and Investment Strategies: Macroeconomic Arbitrage in Global Markets presents a new and compelling trading and investment strategy. Written in a clear and concise style, it includes definitions and carefully tested trading examples.
Product details
Edition:
1
Number of Pages:
240
Release Date:
1999-02-16
Publication Date:
1999-02-08
Publisher:
Wiley
Languages:
Original: English
ISBN10:
0471315869
ISBN13:
9780471315865
GPSR Manufacturer Reference:
[email protected]
Weight:
548 g
Height:
161 cm
Width:
240 cm
Thickness:
18 cm
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