Rates, Repricing, and Regime Shifts: The New Playbook for Global Macro Investors
The rules of global macro have changed. The era of low inflation, synchronized monetary policy, and suppressed volatility is over. In its place: a world defined by regime shifts, asymmetric policy paths, and nonlinear market responses. For macro investors, this means the old playbooks are no longer sufficient—and a new strategic framework is emerging, one […]
Macro in the Machine: Blending Discretionary Insight with Systematic Execution
In the evolving landscape of global macro investing, the old dichotomy between discretionary and systematic is collapsing. Today’s most sophisticated macro funds are not choosing one over the other—they’re integrating both. The result is a new breed of strategy where human insight meets machine precision, and where macro intuition is enhanced—not replaced—by data, models, and […]
The Quant Renaissance: Why Institutional Allocators Are Returning to CTAs
Systematic strategies are back in favor—and at the heart of the quant resurgence are CTAs, once again attracting serious institutional capital. After a period of skepticism and under-allocation following a relatively muted post-crisis decade, large allocators are re-engaging with trend-following and other systematic macro strategies—not just for diversification, but for their ability to deliver real, […]
Trend-Following Is Not Dead: How CTAs Are Outpacing Traditional Hedge Funds
For years, trend-following strategies were dismissed as outdated—too slow, too simplistic, and too dependent on macro dislocations to remain competitive. Critics claimed the rise of high-frequency trading, machine learning, and alpha decay had relegated CTAs to the sidelines. But in recent years, the scoreboard tells a different story. Trend-following isn’t just alive—it’s outperforming. In 2022 […]
CTAs in a Post-ZIRP World: Momentum Strategies That Still Work
The end of the zero interest rate policy (ZIRP) era has reshaped financial markets—and for CTAs, it’s been a long-awaited reset. After a decade of distorted signals, compressed volatility, and policy-driven markets, the return of rate dispersion, inflation risk, and macro uncertainty has reawakened many of the classic momentum strategies that define CTA performance. Contrary […]
From SSA to High Yield: Building a Barbell Credit Portfolio in Uncertain Times
In today’s complex macro environment, credit investors are increasingly turning to barbell strategies to strike a balance between stability and upside. With uncertainty around inflation trajectories, central bank paths, and geopolitical risk, portfolios that lean too heavily in one direction—either defensive or aggressive—are being punished. The barbell approach, by contrast, allows managers to pair safety […]
Why Global Credit Markets Are Becoming the New Alpha Frontier
In an increasingly interconnected and fragmented financial landscape, global credit markets are stepping into a new role: the next great hunting ground for alpha. As investors search for differentiated return streams beyond traditional equities and core fixed income, cross-border credit exposure is emerging as both a strategic allocation and a source of tactical edge. In […]
Credit Dislocations and Opportunity: How Active Managers Navigate Stress
Market stress is where active credit managers earn their keep. Dislocations—whether triggered by macro shocks, liquidity crunches, or technical selling—create the kind of pricing anomalies that passive strategies are simply not built to exploit. For active managers, these episodes aren’t just turbulence—they’re moments of opportunity. In 2025, as rates remain elevated, economic uncertainty persists, and […]
The Evolution of Credit Trading: From Voice Desks to Volatility Arbitrage
Credit trading has undergone a dramatic transformation over the past two decades. What was once a relationship-driven, voice-executed marketplace has evolved into a highly sophisticated ecosystem driven by data, speed, and quant models. The old world of brokers shouting down phones has given way to algo-driven execution, real-time analytics, and strategy layers that borrow heavily […]
Hunting for Yield: Where Credit Investors Are Finding Value in 2025
The global search for yield is back—but it’s no longer a passive pursuit. In 2025, credit investors face a radically different environment from the post-2008 era. The days of low rates and central bank backstops are over. Inflation, while easing, remains persistent in certain sectors. Real rates are positive again. And volatility—both macro and micro—isn’t […]
