Macro Instruments and the Listed Equities. Given that the Global Macro book has a smaller number of positions and is fixed the dollar risk for each Global Macro book position is materially larger, which is in comparison to the Listed Equities, which had 100s of securities and a non constant number of positio

America 0/0/00 0/0/00 Unspecified T.A. "Andrew Friedwald Principal Karl Chalupa Head of Risk Management Michael (Mike) Mecca, CFA Director, Global Macro and Multi-Strategy David Fox Kieran Cavanna Normal False Normal FutureSelect Portfolio Mgmt Kirkland WA United States of America 0/0/00

Macro Instruments and the Listed Equities. Given that the Global Macro book has a smaller number of positions and is fixed the dollar risk for each Global Macro book position is materially larger, which is in comparison to the Listed Equities, which had 100s of securities and a non constant number of positio