Global Macro: Theory and Practice, Introduction

By: Isaac Souede

This article was first published as a chapter in Global Macro: Theory and Practice, by Risk Books.

On behalf of Permal Group, I am very pleased to introduce this book on global macro, which I believe is the first of its kind in the industry. For a hedge fund strategy with such a long and storied tradition, it is most surprising how little information has been available to an interested reader over the years. While there have been several excellent collections of interviews with individual macro