From Event-Driven To Macro
I came up through event-driven trading, mergers, restructurings, special situations, where prices move not because of valuation models, but because ownership changes. Long-term holders hand stock to arbitrageurs, funds hedge, new information hits, and flows reroute capital in real time. That constant transfer of risk is what creates opportunity.
Over time, it became clear to me that the same engine runs every market. Equities, rates, FX, commodities, the instruments change, but the behavior does not. Different cohorts, different constraints, the same reflexivity. Positioning builds, narratives form, flows tip, and price follows.
Offsides Macro was born from the realization that macro and event-driven trading are not separate worlds. They are the same game played with different instruments. My work is about identifying where positioning and flows have become distorted, and where the risk-reward has become asymmetric as a result.
