Macro Risk Advisors
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Derivatives Strategy & Market Intelligence
At Macro Risk Advisors, our value proposition centers on consistently delivering actionable, alpha generating ideas to institutional clients. Central to this pursuit is our market strategy effort, a daily communication in which we uncover themes that impact the risk / reward landscape while providing specific trade recommendations. Our one-page daily note (examples are featured to the right) is a sophisticated yet accessible read that has appeal to investors across the asset spectrum. Among the topics we have examined: quantitative easing and its impact on equity volatility, hedge fund correlation levels, gold option skew, tail risk hedging and sovereign risk. Our highly flexible approach allows us to focus on what matters to clients at a given point in time.

In a market where uncertainty is high, we help assess the relative merits of investment decisions by examining "risk" in its many forms. We bring our understanding of the risk profiles of various asset classes - and the manner in which they interact - to provide insights that clients can utilize to better navigate the macro investment landscape. For example, our Systemic Risk Dashboard puts in context more than 50 unique measures of risk across equities, credit, commodities, FX and rates and enables us to draw broad conclusions as to what factors are most critical to driving market returns and volatility. Earlier in 2010, MRA made a bold and contrarian call that the US equity market substantially underappreciated the implications of the sovereign risk emerging in Europe. Our work with clients on implementing low cost, convex hedging trades proved quite valuable in mitigating portfolio volatility.


Our highly differentiated market strategy product is empowered by a collaborative, team oriented approach. Members of the MRA team are engaged in the continuous exchange of ideas and refinement of market views. In addition, our deep network of market contacts, keeps us apprised of important risk premium trends. Ultimately, we operate as an extension of the client’s investment process, with the uncompromising goal of enhancing portfolio performance.

Our effort is a constant work in progress and we welcome feedback on ways we can enhance our product to be of maximum value for our clients.
  Strategy Archive
Current Strategy Pieces
02/03/2012 - Market Musings
02/02/2012 - MRA Risk Dashboard
02/01/2012 - Rent to Own
01/31/2012 - Europe, Abridged
01/30/2012 - Germany: Not the Wurst
01/27/2012 - Opus Financialatum: Q4 2011 Update

Sample Strategy Pieces
Federal Reserve
8/10/2010 - FOMC Strangle
7/07/2010 - Ben at Work
Volatility
6/07/2010 - The Termstructure of Valu-tility
5/24/2010 - A Long Date with Index Vol
Correlation
7/14/2010 - Synchronized Swimming
6/28/2010 - Stock Market Wannabes
Economy: Housing and the Consumer
8/03/2010 - BYO Snorkel
5/26/2010 - House of the Rising Delinquencies
Gold
9/07/2010 - The Golden Reaper
5/12/2010 - GO Johnny GO GOLD GO
China
7/26/2010 - You Give Loans a Bad Name
3/26/2010 - Chinese Bubble Tea
Risk Dashboard
8/26/2010 - MRA Risk Dashboard
8/19/2010 - MRA Risk Dashboard
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