"Some emerging hedge fund managers’ reactions to Brexit" Opalesque interviews Macromoney Director, Simone Dalle Nogare Mr. Simone Dalle Nogare, director at MacroMoney, said his global macro fund does not forecast but rather reacts to the speed of change (acceleration, deceleration, contraction) of the macroeconomic indicators. "Taking into consideration our approach," he told Opalesque, "I can tell you that at the moment our proprietary macroeconomic model is showing a deceleration of the macroeconomic indicators since one year ago. This deceleration, together with a strong event like Brexit, could push the world economy into recession. We will be closely following the economic indicators in the next two to three months to see if this scenario materializes. If this is the case, then we expect in the medium term a downtrend in the equity markets.” Macromoney Global Investments is a global macrofund with an equity bias domiciled in the BVIs, with $9m in assets under management (AuM). It is up 5.9% YTD (to end May), and the cumulative return since its January 2013 inception is 108% (compared to 47% for the S&P 500). The HFRX Macro Index, which includes both fundamental and quant CTA strategies, posted a decline of -0.55% on Friday (-2% YTD), with contribution from the positioning in the pound, yen, euro, gold, global equities and fixed income.