Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund, according to a person familiar with the firm.*From our 2009 post "Paul Tudor Jones Interview at Institutional Investor":
Anderson left Soros Fund Management in June 2011 when the well-known money manager returned $1 billion in cash to outside investors and converted his firm into a family office that now manages $24 billion of money mostly belonging to Soros and his family.
Shortly after leaving Soros' firm, Anderson announced he intended to open a hedge fund but did not begin raising money until recently, said the source familiar with the fund.
Anderson declined to comment through his firm's lawyer.
Before joining Soros Fund Management in 2008, Anderson spent almost 20 years at asset management firm BlackRock, which he co-founded....MORE
...The advantage and disadvantage of global macro is It Is Not Easy. You have to pay attention and you have to understand the interrelationships of many markets and politics and weather and psychology and be facile in both words and numbers and in an ego-driven business be humble enough to learn the lessons the market will teach you.
It really helps to not take yourself too seriously, both to avoid the temptation to impose your will upon the market and to maintain enough perspective to spot opportunities ahead of the crowd.
Because global macro isn't easy the rewards can be tremendous.