How I Became the #1 Ranked Hedge Fund Manager, Part 1

I ran a hedge fund called the Macro Fund and at the end of three years was ranked the #1 global macro fund in the world by Altvest.

That meant that I outperformed people like George Soros, Paul Tudor Jones, and so on.

How did I do that?

First, note that I was the #1 global macro fund, not real estate or private equity or distressed debt or whatever. Global macro is the style where you trade all over the world looking at the big trends in global economics and politics. You dive into the geopolitics and geo-economics of just about every country in the world.

You then construct trades to capitalize on the trends you see. For example, right now, every central bank in the world is either easing or neutal. Easing monetary policies are nearly always bullish on stocks. So, guess what, I’m long stocks right now.

I’m long the British Pound right now because I analyzed the upcoming UK election and believe that Boris Johnson will win the election (after all, he is half American!). I also felt that all the bad news about Brexit was already baked into the price of the Pound and all the news going forward would be bullish. So far, that trade is working out very profitably for me.

I started learning about macro economics in the early 1970’s. My first professional trades were based on macro economics. But I took my game to a much higher level in the 1980’s where I assembled a staff of top researchers and analysts to help me truly understand global markets.

These analysts all became top in their fields. You might have heard of Jack Schwager who wrote the superb Market Wizard series of books. We really took our analysis to the top of the pile.

Macro investing is one of my favorite styles of trading because it is incredibly profitable.

The bad news is that it is hard. It takes a huge amount of time to learn it. It takes me hours each day reading:

Local newspapers around the world
Trade journals
Academic journals

This ain’t 15 minutes a day. But the profits are worth it.

One of the great things about the US stock market is that you can play these macro economic trends. You can buy ETFs that represent just about every country on earth. You can buy ETFs that represent commodities and currencies and bonds in many countries.

But also remember that certain stocks represent macro trends as well. Standard Chartered Bank is the premier bank in emerging markets so it goes up when emerging markets are bullish and drops when emerging markets are bearish. Guess what the correlation is between cocoa prices and Hershey stock. Yup, pretty darn high.

I trade macro style every day. I love it and it is profitable.

You can follow my macro trades by signing up for my Stock Navigator service. You can learn more by clicking here.

Macro trading is a unique form of trading. You’ve go very little competition!

You can get more information by clicking here.

Thanks!

Good macro trading,

Courtney