Explains the complex, multi-faceted dimensions of Global Macro in a way that is understandable and practical for individuals at all levels of financial competencies; provides a comprehensive overview of global macro trading, which consists of portfolio construction, risk management, biases and...

Beginning with comprehensive introduction and overview, Expected Returns goes on to analyze the historical record, give a roadmap of terminology, explore rational and behavioral theories, and look at alternative interpretations for return predictability. A series of case studies provide detailed...