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Global Macro
Global macro is an investment strategy that leverages Macroeconomics, macroeconomic and Geopolitics, geopolitical data to analyze and predict moves in Financial market, financial markets. Large-scale or "wiktionary:macro, macro" political and economic events can disproportionately impact certain Economic sector, sectors, such as the energy, commodity, and currency markets, over others. The strategy typically employs forecasts and analysis of interest rate trends, international trade and payments, political changes, government policies, international relations, and other broad systemic factors. History As a strategy, global macro formalized in the late-1960s around primary commercial Product (business), products. Large-scale macro events pushed market prices of both soft (Cocoa bean, cocoa, fruit and sugar) and hard (gold, silver, and copper) commodities to move in recognizable patterns. In the 1970s, interest rate modeling was used to predict moves in foreign currency markets as w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RF NG PipestoEU
Radio frequency (RF) is the oscillation rate of an alternating electric current or voltage or of a magnetic, electric or electromagnetic field or mechanical system in the frequency range from around to around . This is roughly between the upper limit of audio frequencies that humans can hear (though these are not electromagnetic) and the lower limit of infrared frequencies, and also encompasses the microwave range. These are the frequencies at which energy from an oscillating current can radiate off a conductor into space as radio waves, so they are used in radio technology, among other uses. Different sources specify different upper and lower bounds for the frequency range. Electric current Electric currents that oscillate at radio frequencies (RF currents) have special properties not shared by direct current or lower audio frequency alternating current, such as the 50 or 60 Hz current used in electrical power distribution. * Energy from RF currents in conductors can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Policy Uncertainty
Policy uncertainty (also called regime uncertainty) is a class of economic risk where the future path of government policy is uncertain, raising risk premia and leading businesses and individuals to delay spending and investment until this uncertainty has been resolved. Policy uncertainty may refer to uncertainty about monetary or fiscal policy, the tax or regulatory regime, or uncertainty over electoral outcomes that will influence political leadership. The Great Recession During the Great Recession of the late 2000s and the years following it, many academics, policymakers, and business leaders have asserted that levels of policy uncertainty had risen dramatically and had contributed to the depth of the recession and the weakness of the following recovery. United States Much of the policy uncertainty in the United States has revolved around fiscal policy as well as uncertainty over the tax code. This is best exemplified by partisan fights in the United States Congress over the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Policy
Foreign policy, also known as external policy, is the set of strategies and actions a State (polity), state employs in its interactions with other states, unions, and international entities. It encompasses a wide range of objectives, including defense and security, economic benefits, and humanitarian assistance. The formulation of foreign policy is influenced by various factors such as domestic considerations, the behavior of other states, and geopolitical strategies. Historically, the practice of foreign policy has evolved from managing short-term crises to addressing long-term international relations, with diplomatic corps playing a crucial role in its development. The objectives of foreign policy are diverse and interconnected, contributing to a comprehensive approach for each state. Defense and security are often primary goals, with states forming military alliances and employing soft power to combat threats. Economic interests, including trade agreements and foreign aid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometrics
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8–22 Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1 p. 1–34Abstract ( 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today. A basic tool for econometrics is the multiple linear regression model. ''Econome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Science
Political science is the scientific study of politics. It is a social science dealing with systems of governance and Power (social and political), power, and the analysis of political activities, political philosophy, political thought, political behavior, and associated constitutions and laws. Specialists in the field are political scientists. History Origin Political science is a social science dealing with systems of governance and power, and the analysis of political activities, political institutions, political thought and behavior, and associated constitutions and laws. As a social science, contemporary political science started to take shape in the latter half of the 19th century and began to separate itself from political philosophy and history. Into the late 19th century, it was still uncommon for political science to be considered a distinct field from history. The term "political science" was not always distinguished from political philosophy, and the modern dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quantitative Analysis (finance)
Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, investment management and other related finance occupations. The occupation is similar to those in industrial mathematics in other industries. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns ( trend following or reversion). Although the original quantitative analysts were "sell side quants" from market maker firms, concerned with derivatives pricing and risk management, the meaning of the term has expanded over time to include those individuals involved in almost any application of mathematical finance, including the buy side. Applied quantitative analysis is commonly associated with quantitative investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sculptor Capital Management
Sculptor Capital Management (formerly ''Och-Ziff Capital Management Group'') is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The company operates multiple investment strategies, including multi-strategy, credit and real estate. It has nearly 400 employees worldwide including offices in New York City, London, Hong Kong, Mumbai, and Shanghai.Form 10-Q filing as with the U.S. Securities and Exchange Commission December 31, 2015 On November 17, 2023, Rithm Capital completed the purchase of Sculptor Capital Management for approximately $719.8 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Street Capital Management
King Street Capital Management is an American investment management company founded in 1995 by Brian J. Higgins and Francis Biondi Jr.McIntosh, Bill, ed."The US50" The Hedge Fund Journal in association with Newedge Prime Brokerage Group. Accessed April, 2010. , King Street Capital Management managed approximately $26 billion of assets. The firm employs approximately 250 employees and operates offices in New York, London, Singapore, Charlottesville, Virginia, Dublin, Tokyo, Dubai and Palo Alto. The company investments include public equity and fixed income markets globally with a focus in special situations credit, equity, bonds, and foreign exchange. Significant investments included Dish Network, PG&E, and Allergan. History King Street Capital Management was founded in 1995 and initially focused on distressed debt. Over the following years the firm invested in credit markets, including in performing, stressed, distressed, corporate, structured, asset-backed credit, and real e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brevan Howard
Brevan Howard (officially Brevan Howard Asset Management LLP) is a European hedge fund management company based in Jersey with its funds domiciled in the Cayman Islands. Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders including Chris Rokos, and is widely considered to be one of the top global macro hedge funds. Brevan Howard has also been described as one of the largest "macro hedge funds" in the world with assets under management (AUM) having peaked at $40 billion in October 2013 before downsizing to $18 billion in 2016 following a period of suppressed volatility as a result of central bank quantitative easing. By 2020, Brevan Howard was managing around $10 billion in investor assets across its six offices globally where it returned 99%, the best recorded year for the firm amid the COVID-19 global pandemic. Following a resurgence in returns and fresh investor capital, as of October 2022, the fund now manages around $26 billion in assets. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caxton Associates
Caxton Associates is a global macro hedge fund founded by Bruce Kovner in 1983 in New York City. The firm's headquarters are located in London, and also has offices in New York, Singapore, Monaco and Dubai. Caxton Associates identifies investments according to their research of global markets and analysis of worldwide economic trends. Caxton Associates went through a major generational transition in 2008 when Bruce Kovner stepped back from trading and appointed Andrew Law as Chief Investment Officer. In 2011, Law was appointed as the Chairman, CEO and controlling general partner of Caxton Associates, following the retirement of Kovner. The firm manages $12 billion in assets. History Caxton was founded in 1983 by Bruce Kovner. Kovner trained under Michael Marcus at Commodities Corporation (now part of Goldman Sachs International), before embarking on his own with the founding of Caxton. In 1992, Caxton closed its fund to new investors. The fund then opened and closed inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moore Capital Management
Moore Capital Management, LP (MCM) is a global investment management firm headquartered in New York, New York. Bloomberg, Winton Replaces Moore Among Top 20 Hedge Funds as Managed Futures Advance, Retrieved July 2011 In September 2018, MCM had $10.2 billion in total . History MCM was founded in 1989 by American billionaire Louis Moore Bacon. He launched the fund using a $25,000 inheritance from his mother. MCM's ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Element Capital Management
Element Capital Management is an American hedge fund using a global macroeconomic investment strategy, founded in 2005 by Jeffrey Talpins. Company overview Element Capital is headquartered in New York City. In 2015, the company opened an office in Mayfair, London. In April 2017, Harvard University became a client of Element Capital, an early decision by the endowment’s then-new chief, N.P. “Narv” Narvekar. Other investors included the John D. and Catherine T. MacArthur Foundation, the Teachers Retirement System of Texas, and the Alaska Permanent Fund. The fund is almost always closed to new investments in order to remain an optimal size. The last time the fund opened to new capital was in mid-2018. It attracted $3 billion, mostly from existing clients, in just one month. In December 2018 ''The Wall Street Journal'' reported the fund had quietly become a “heavyweight,” managing $50 billion+. In January 2020, in order to continue prioritizing performance over asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
