BofA Macro Traders Avoid Big Bets After Volatile Market Shakeout

EXCLUSIVE BofA Macro Traders Avoid Big Bets After Volatile Market Shakeout Bank of America Corp.’s macro traders are limiting risk exposure heading into year-end after upheaval in some of the world’s most popular trades. Swings in European interest rates have been particularly vexing for macro funds this year, according to Carlos Fernandez-Aller, co-head of global fixed income, currencies and commodities macro trading at the bank. While emerging-market investors have generally performed better, the deep Brazilian selloff that followed President Luiz Inácio Lula da Silva’s surprise victory has jolted that sector, too, and highlighted how easily rallies can reverse.