Macro hedge funds use long and$/$or short positions to potentially profit from a view on overall market direction as influenced by major economic trends and$/$or events. These strategies emphasize:

Question $4$Answer

a$.$

a top$-$down approach.

b$.$

a top$-$down approach and a bottom$-$up approach.

c$.$

a bottom$-$up approach.

d$.$

a top$-$down approach and$/$ or a bottom$-$up approach.