Sterne: Macro Hedge Fund Chatter Triggered Oil Sell-off

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Mark Melin
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As analysts scratch their head in regards to triggers for the recent collapse of the stock market and often separately consider why the oil market is flirting with a break into the $70 range, Sterne Agee analysts have an explanation for both.  The cause? The rumor regarding one particular macro hedge fund relative value trade, says the report’s authors Tim Rezvan and Truman Hobbs.  And it’s logical. Market sell-off: Common trade theme among macro hedge funds Citing recent client conversations and chatter at large, Sterne Agee notes a common trade theme among macro hedge funds.  The trade is based on the…


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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.