What Is?
The Fund's principal
investment objective is to achieve superior capital
appreciation through
investments in a global macro economic portfolio of
U.S. and non-U.S.
securities and other instruments, including global
equity related
securities (including stock market indices), currencies,
corporate and government
bonds and other fixed income instruments,
swaps, equities,
as well as over the counter options on all the foregoing.
Unlike most conventional
managed portfolios, the Fund's portfolio
generally includes
long or short positions on global stock indices rather
than taking positions
in individual equities. Stock indices are intended to
capture broad equity
movements without idiosyncratic risks with
individual equities.
The Fund uses currencies, bonds and other fixed
instruments to
attempt to capture significant macroeconomic market
movements.
The Fund also specializes
in speculating on the foreign exchange
markets. Click
on the currencies below to see a larger image of the
currency as well
as a brief comment on the currency from Andrew
Nissenbaum, president
and principal of Macrofund.
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