3min chapter

Forward Guidance cover image

Financial Meltdown: The Trades Of March 2020 | Alex Gurevich

Forward Guidance

CHAPTER

How to Run a Macro Hedge Fund

Alex Vatanka: I want to choose a few moments from the book to give viewers a glimpse inside what it was like to run a macro hedge fund. At an investment conference in late January, you were bullish on short term rates so you had some call options on Euro dollar futures and outright positions in Euro dollar futures. You noted at the conference that no one was really talking aboutCOVID but can you just talk about how you're kind of early to sense the gravity of COVID? And then I'm going to miss judge how serious it would be. Yes, it is interesting because how we're all influenced by our subconscious biases.

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