In explicit macro-factor models, observable market risk factorsare included in a model through a discretionary choice. The mis-specification risks are non-negligible. To avoid correlation between the ...

Tren Griffin followed up on our discussion with a post that has a series of quotes from value investing gurus claiming that macro forecasting is a folly. Before I explain why I think this is ...

With the threat of inflation and interest rate rises, macro funds could be useful These funds tend to be able to invest in a variety of assets and may be able to take short positions Macro investing ...