Hypothesis Macrofund's principal investment objective is to achieve superior capital appreciation through investments in a global macro portfolio of U.S. and non-U.S. securities and other instruments. These include global equity related securities, currencies, corporate and government bonds and other fixed income instruments, swaps, equities and over the counter options on all the foregoing.
Unlike most conventional managed portfolios, the strategy generally takes long or short positions on global stock indices rather than positions in individual equities. Stock indices are intended to capture broad equity movements without the idiosyncratic risks of individual equities. The strategy uses currencies, bonds and other fixed income instruments to attempt to capture significant macro market movements.
The original fund was launched in 1997 and was ranked number one in the world by Republic Bank of Geneva in 1998. Our founder Andrew Nissenbaum orchestrated a relaunch in 2026.
For macro research and geopolitical intelligence, visit macrofund.com.
Andrew Nissenbaum is the founder and principal of Hypothesis Macrofund. He has more than thirty years of experience across currencies, fixed income and global equities.
Andrew led Macro Research at Soros Fund Management's Quantum Fund and ran proprietary trading books at Steinhardt Management, Deutsche Bank, Bank of America and UBS. Republic Bank of Geneva ranked him the number one hedge fund manager in the world in 1998.
Andrew holds a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania and is the co-author of How Currency Markets Work (Wiley, 2026).
The offering of interests in Hypothesis Macrofund set forth in this website is intended only for "Non-U.S. Persons" as defined below.
A "Non-U.S. Person" is defined to be any one of the following: (i) a natural person who is not a resident or citizen of the United States; (ii) a partnership, corporation or other entity organized principally for passive investment, organized under the laws of a foreign jurisdiction and which has its principal place of business in a foreign jurisdiction; (iii) an estate or trust, the income of which is not subject to U.S. income tax regardless of source; (iv) an entity organized principally for passive investment such as a pool, investment company or other similar entity, provided that units of participation in the entity held by U.S. persons represent in the aggregate less than 10% of the beneficial interest in the entity, and such entity was not formed principally for the purpose of facilitating investment by U.S. persons in Hypothesis Macrofund; or (v) a pension plan for the employees, officers or principals of an entity organized and with its principal place of business outside the United States.
A prospective investor who requests additional information about Hypothesis Macrofund hereby confirms by making such request that he, she or it is a Non-U.S. Person.
Non-U.S. Persons who have questions about investing in Hypothesis Macrofund should contact their financial advisor or prime broker.