Macroeconomic trading back in vogue

David Greenwald, principal at hedge fund Scalene Partners in Westport, Connecticut, told FX Week that investor interest in that segment has dramatically expanded over the past 12 months, while legendary macro-trader George Soros is also rumoured to have returned to FX.

Although Soros Fund Management declined to confirm that rumour last week, fund managers said Soros’ money is now focused on global macro bets.

"2003--2004 will be the years of macro trading, not unlike what we saw in the early