Are global macro hedge funds enjoying renaissance - or a final hurrah?

Volatility is back with a vengeance as the coronavirus crisis has engulfed the global economy. This has nurtured a renaissance for many macro hedge funds, with some notching up gains not seen since their 1990s heyday.

But not everyone is convinced that this will prove durable, warning that the fertile conditions that turned people like Louis Bacon, Paul Tudor Jones, Alan Howard and George Soros into financial rock stars are never coming back. Hugh Hendry, who finally threw in the towel three years ago and now surfs actual waves in St Barts rather than economic ones, think this is probably just a blip in "the long, slow boring death of global macro.”

Full story can be read here: https://www.ft.com/content/3eacc99c-e2d0-45fd-9651-9b1014ad81ab