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16 January 2025Equities | US

Harvard Lecture: Private vs Public Markets

Bilal Hafeez

I recently gave a Harvard lecture weighing up private and public markets. You can find the slides below!

12 May 2023
Bilal’s Macroscope: Does the Market Ever Get the Fed Right?
Bilal Hafeez
At the start of 2022, the rates market expected the Fed policy rate to end the year at 1%. It turned out to be 4.5% – one of the biggest market errors in decades (Chart 1).
09 December 2024
2025 Grey Swans – The Complete List
Macro Hive
New Year, New Risks Threats of nuclear war, Elon in government and a (brief) coup in South Korea – 2024 has already pushed the boundaries on grey swans: those massive, almost impossible to predict events. So, in our annual assessment of possible grey swans for 2025, we go the extra mile in stretching the imagination. […]
05 December 2024
2025 Grey Swans: Central Banks Become Independent (of Humans)
Bilal Hafeez
This article is part of Macro Hive’s 2025 Grey Swan series, where we let our imaginations loose to try and predict low-probability, high-impact events that almost no one expects. You can read the full list here. Time for Policymakers to Delegate? The last four years have been a torrid time for central banking. The Fed […]

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Meet Macro Hive about Macro Hive

Bilal Hafeez: CEO & Head of Research

Before starting Macro Hive, Bilal was Global Head of International Fixed Income Strategy at Nomura, and Head of Multi-Asset Research and Advisor to the CEO at Deutsche Bank. Bilal started his twenty-year career at JP Morgan. Academically, Bilal was an Honorary Visiting Professor of Finance at Cass Business School and studied Economics at St Johns College, Cambridge.

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Andrew Simon: Chief Operating Officer

Andrew spent over 25 years in finance on both the buy and sell side. He co-founded Eschaton Opportunities, a $100 million hedge fund focused on global thematic value investing. Earlier in his career, Andrew led JP Morgan's institutional sales business across foreign exchange and emerging markets in Europe, ran Lehman's global derivative sales business, and managed Deutsche Bank's European currency option trading and derivative research business.

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Dominique Dwor-Frecaut
Senior Researcher

Dominique Dwor-Frecaut is a macro strategist based in Los Angeles. She has been producing alpha generating trade ideas in FX and rates in EM and G10 at established and startup macro hedge funds in the US since 2011, including at Bridgewater. She has also produced in depth analysis of central banks policies and procedures drawing on her experience at the New York Fed, the IMF and the World Bank as well as on the buy and sell side. Before moving to the US she covered Asian and global EMs at Barclays capital, ABN AMRO and RBS from Singapore. She holds a PhD in economics from the London School of Economics.

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