Global Macro: A Prime Broker’s Perspective

By: Barry Bausano

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

The traditional prime brokerage model was originally designed to service the classic equity long/short hedge fund manager. Global macro strategies developed largely outside that model, and prime brokers were typically confined to supporting just the equity portion of macro portfolios. However, in response to the evolution of trading styles, increasingly globalised markets and the changing regulato