Advanced Global Macroeconomic Investing

Advanced Global Macroeconomic Investing is a practitioner‑developed and led elective that prepares students to apply modern macroeconomic analysis to portfolio construction, asset‑allocation decisions, and systematic and discretionary global‑macro strategies. Building on the CBS core and the foundations of Global Macroeconomic Investing (B8213/B7213), the course trains students to connect macroeconomic regimes, structural forces, policy developments, and market dynamics to actionable investment frameworks. The course focuses on the implementation of advanced tools used across leading macro hedge funds and institutional investment teams, including risk‑budgeting techniques, alternative risk premia, regime‑switching models, high‑frequency economic indicators, machine‑learning applications, geopolitical and structural trend analysis, and cross‑asset volatility and convexity frameworks. Students also examine real‑world execution challenges such as liquidity management, policy reaction functions, and trading in dislocated markets. Assessment emphasizes applied, team‑based work that reflects contemporary investment‑management practices. Students collaborate in groups on advanced laboratory projects, trade‑strategy memos, and a macro‑portfolio proposal that integrates analytical tools, risk discipline, and performance attribution. Active participation is an essential component of the course, which reinforces the continual peer review at the heart of global macro investing. This course is designed to support students in developing a practitioner‑ready toolkit for roles in macroeconomic research, global tactical asset allocation, hedge funds, multi‑asset investing, or investment‑strategy functions where macroeconomic insight and disciplined portfolio construction are key to success. For students aiming to operate at the intersection of economics, markets, and strategy, this course provides a rare opportunity: the chance to train like a macro investor before becoming one.