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<a href="//encyclopedia2.thefreedictionary.com/macroinstruction">Encyclopedia</a>, <a href="//encyclopedia.thefreedictionary.com/macroinstruction">Wikipedia</a>. <div id="MainTxt"> <div id=Definition> <section data-src="harvey"><h2>Macro</h2><div class='ds-single'>In the context of hedge funds, a style of <a href="Management">management</a> that takes <a href="long-term">long-term</a> strategic bets. For example, the manager might believe that the Yen will appreciate relative to the dollar over the next six months and alter the <a href="portfolio">portfolio</a> to capture this potential <a href="profit">profit</a> opportunity.</div><div class="cprh"><span class="i A cpr"></span>Copyright © 2012, <a rel="nofollow" target="_blank" href="/_/gr.aspx?url=-duke.edu/~charvey/">Campbell R. Harvey</a>. All Rights Reserved.</div></section><section data-src="Farlex_fin"><h2>Macro</h2><div class='ds-single'>In <a href="hedge+fund">hedge funds</a>, describing a medium or long term <a href="Investment+strategy">investment strategy</a>. For example, a hedge fund manager may purchase <a href="Futures+contract">futures contracts</a> or <a href="option">options</a> that do not expire for six or nine months, believing that the fund can profit from <a href="trend">trends</a> in the meantime or that the <a href="market">market</a> will move in the desired direction during that timeframe.</div><div class="cprh"><span class="i A cpr"></span>Farlex Financial Dictionary. © 2012 Farlex, Inc. 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