Global macro
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The term global macro is used to classify the strategy of certain hedge funds -- those that take large leveraged positions in financial derivatives, on the basis of forecasts about interest rate trends, movements in the general flow of funds, political changes, government policies, inter-government relations, and other broad systemic factors.
George Soros famously employed a global macro strategy when he sold pound sterling in 1992 at the time of the European Rate Mechanism debacle.
[edit] References
[edit] Further reading
Drobny, Steven (2006). Inside the House of Money. The Dot-Commer: Wiley. ISBN 0471794473.
