Quotation Of The Day – What Is A Macro Manager?

Mike Novogratz, Co-Chief Investment Officer of Fortress Investment Group, and manager of one of the world’s largest global macro funds:

“A famous macro manager said that the reason you join macro management, rather than a really hard business like equities, is that all you need to do is look at a bunch of charts and read “The Wall Street Journal”. 
“What we do in reality is look at news from a whole variety of sources, we meet with government officials and we travel a great deal. We try to catch the big waves of market sentiment and the business cycle. A lot of it is trying to catch the bottom of the valley of prices.”

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