Preface xi
1. Introduction to Global Macro Hedge Funds
by Joseph G. Nicholas (HFR Group) 1
2. The History of Global Macro Hedge Funds 5
3. The Future of Global Macro Hedge Funds 31
4. The Family Office Manager: Jim Leitner
(Falcon Management) 35
5. The Prop Trader: Christian Siva-Jothy (SemperMacro) 71
6. The Researcher: Dr.Andres Drobny
(Drobny Global Advisors) 103
7. The Treasurer: Dr. John Porter (Barclays Capital) 133
8. The Central Banker: Dr. Sushil Wadhwani
(Wadhwani Asset Management) 161
9. The Dot-Commer: Peter Thiel (Clarium Capital) 181
10. The Floor Trader:Yra Harris (Praxis Trading) 199
11. The Pioneer: Jim Rogers 217
12. The Commodity Specialist: Dwight Anderson
(Ospraie Management) 241
vii
13. The Stock Operator: Scott Bessent (Bessent Capital) 269
14. The Emerging Market Specialist: Marko Dimitrijevic´
(Everest Capital) 289
15. The Fixed Income Specialists: David Gorton and
Rob Standing (London Diversified Fund Management) 309
16. The Currency Specialist:Anonymous 325
Conclusion 341
Appendix A: Why Global Macro Is the Way to Go
by Dr. Lee R.Thomas III 343
Appendix B: A Note to Investors about Global Macro 351
Acknowledgments 354
Bibliography 357
Index 361