Understanding 11/22/2020 AM Service
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Some broad normalisation trends were big winners for our Global Macro fund in the past. That includes long rates in a number of EM where we found excess premium or the short in the US Dollar at the time of the twin deficits, mainly versus Asia. We were also pretty successful in some idiosyncratic, opportunistic trades, often shifting from long to short and vice versa, or from one asset to another, in the specific country.
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