Global macro funds suffer in unpredictable markets

Uncertainty over global economic recovery and its feed through to companies has created divided opinion on the global macro sector

Fund managers have mixed views about the speed of global economic recovery and opportunities in the global macro hedge fund sector.

Ian McVeigh, a partner at Parkway Capital, believes now is a fortuitous time for the sector. Parkway Capital is awaiting Financial Services Authority (FSA) approval before it launches its global macro portfolio, the Parkway Global Fund.

A lot of capital has been withdrawn from global macro recently as proprietary desks at investment banks and insurance companies have

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