The "Renaissance" of Global Macro Investing
July 20, 2009
Henry McVey
The Great Recession has undoubtedly wreaked havoc in the financial world, leaving many investors wondering what portfolio strategies are best suited for this new, post-crisis environment.
In his inaugural article since returning to Morgan Stanley, The "Renaissance" of Global Macro Investing, Henry McVey highlights his current views on the direction of financial markets, and argues that a key upshot of the current crisis will be an augmented role for the traditional top-down, macro-investing approach.
The article examines the main factors driving this trend, and argues that investors within the asset-allocation community will have to enhance their analytical tools so as to find out which instruments will truly act as diversifiers, especially in periods of market stress.
Henry re-joined Morgan Stanley in June as the Head of MSIM's Global Macro and Asset Allocation investment team. He also serves as MSIM's Strategist.
To discuss the ideas presented in this paper, please contact your relationship manager or e-mail us at info@morganstanley.com.
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Public Fund CIO Survey: Optimizing Resources to Meet Evolving Demands
For more information on our Thought Leadership series, please visit: www.morganstanley.com/im/leadership
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