Macro trading and investment strategies - Gabriel Burstein

Macro Trading and Investment Strategies is the first thoroughexamination of one of the most proficient and enigmatic tradingstrategies in use today - global macro. More importantly, itintroduces an innovative strategy to this popular hedge fundinvestment style - global macroeconomic arbitrage.

In Macro Trading and Investment Strategies, Dr. Burstein presents,with examples, the framework for traditional global macrostrategies, then shows how to use macroeconomic mispricings inglobal financial markets to design innovative global macroeconomicarbitrage strategies for trading and investing. Packed withrevealing trading case studies, examples, explanations, anddefinitions, this comprehensive work covers:
* Global directional macro, long/short macro, and macroeconomicarbitrage trading and investment strategies
* Causes of macroeconomic mispricings in markets; tacklingsecondary macroeconomic variables in trades
* The importance of technical timing in macro arbitrage
* Volatility of macro arbitrage strategies versus volatility ofrelative-value strategies
* Mispricing opportunities due to the effect of the Asian crisis onglobal markets
* Macro arbitrage of the EMU convergence mispricing in equitymarkets
* Mispricings of retail sales, GDP, industrial production, interestrates, and exchange rates in stock markets

In-depth and timely, Macro Trading and Investment Strategies coversan area of intense interest to today's trading and investmentcommunity and shows new opportunities. It is invaluable reading forthose seeking new ways to tackle today's volatile globalmarkets.

Gabriel Burstein (London, UK) heads Specialized Equity Sales &Trading at Daiwa Europe Limited, where he set up the department tosell European equity products to hedge funds.