About us 2018-01-20T16:31:10+00:00

About Us

Alpine Macro, founded in 2017, is an independent global investment research firm based in Montreal, Canada. We focus on the analysis of major macro economic forces and specialize in forecasting the direction of global financial markets, while providing actionable recommendations on investment strategy and asset allocation.
Our Mission. We provide clients with unique market insights, contrarian views, and profitable investment strategy recommendations. We help investors manage risk and make better informed decisions. We strive to be clear and concise with well articulated rationale for all of our investment strategy recommendations.
Our Framework. Our research framework relies on the concept that the expansion or contraction of money and credit is the key driver of the economic cycle. Our framework combines proprietary models and indicators, with qualitative analysis to understand global capital flows and liquidity trends.
Our Philosophy. We believe that the inherent tendency for a free market system is self-correcting. Dramatic moves in asset markets act as a response to shifting monetary conditions. These shifts also generate counter moves as forces of “mean reversion” are set in motion. Investment success rests with identifying these forces and designing strategy to capture inflection points in markets.

About Us

Alpine Macro, founded in 2017, is an independent global investment research firm based in Montreal, Canada. We focus on the analysis of major macro economic forces and specialize in forecasting the direction of global financial markets, while providing actionable recommendations on investment strategy and asset allocation.
Our Mission. We provide clients with unique market insights, contrarian views, and profitable investment strategy recommendations. We help investors manage risk and make better informed decisions. We strive to be clear and concise with well articulated rationale for all of our investment strategy recommendations.
Our Framework. Our research framework relies on the concept that the expansion or contraction of money and credit is the key driver of the economic cycle. Our framework combines proprietary models and indicators, with qualitative analysis to understand global capital flows and liquidity trends.
Our Philosophy. We believe that the inherent tendency for a free market system is self-correcting. Dramatic moves in asset markets act as a response to shifting monetary conditions. These shifts also generate counter moves as forces of “mean reversion” are set in motion. Investment success rests with identifying these forces and designing strategy to capture inflection points in markets.

Our Leadership

CHEN ZHAO

CHIEF STRATEGIST

Chen Zhao is Founding Partner and Chief Strategist of Alpine Macro. From 2015 to 2016, he was Co-Director of Macro Research at Brandywine Global Investment Management. Prior to Brandywine Global, Chen spent 23 years at BCA Research. As a Partner, Managing Editor and Chief Global Strategist, Chen developed and wrote BCA’s China and Emerging Markets publications in the 1990s. Chen became the firm’s Chief Global Strategist in the 2000s and was the author of BCA’s flagship publication, Global Investment Strategy from 2005 to 2015. He holds an MA in economics from the Central University of Finance and Economics, was a visiting scholar at University of Illinois at Urbana-Champaign and pursued post graduate studies with a PhD candidacy at McGill University.

J. ANTHONY BOECKH, PHD

CEO, EDITOR-IN-CHIEF

Tony is Founding Partner, CEO and Editor-in-Chief of Alpine Macro. Tony was previously Chairman, Chief Executive and Editor-in-Chief of Montreal-based BCA Research for 34 years. He was the publisher of among others, the Bank Credit Analyst, a monthly big-picture analysis of the U.S. economy and financial markets. Tony has a PhD in Finance and Economics from The Wharton School, University of Pennsylvania, and a B. Com. from the University of Toronto. He is a founding trustee of the Fraser Institute in Vancouver, British Columbia (an economic “think tank” dedicated to free market principles).

DAVID ABRAMSON

SENIOR STRATEGIST

David is a Partner and Senior Strategist with Alpine Macro. For 28 years, David was a Macro Strategist holding a variety of senior roles at BCA Research. Most recently, he was Chief U.S. Strategist and also Director of Research for the firm. During his tenure at BCA Research, David launched and managed the European Strategy and Commodity & Energy Strategy services. In addition, he was the Managing Editor for the Foreign Exchange Strategy and the China Investment Strategy services. He has taught international finance to MBAs at McGill University for 20 years, and is on the Client Committee of the Kenneth Woods Portfolio Management Program at Concordia University.

YAN WANG

CHIEF EMERGING MARKETS/CHINA STRATEGIST

Yan Wang is a Partner and the Chief Emerging Markets/China Strategist. Prior to Alpine Macro, Yan spent 15 years at BCA Research, as the Managing Editor and Chief Strategist for BCA’s China Investment Strategy service, and played a major role in formulating BCA’s view on the Greater China region and emerging Asia. Prior to joining BCA, he spent six years as an equity analyst in China and Hong Kong. Yan holds an MBA in Finance from McGill University, an M.A. in Economics from Tianjin Institute of Finance and a B.A. in Finance from Nankai University. He also holds the CFA designation.

Our Leadership

CHEN ZHAO

CHIEF STRATEGIST

Chen Zhao is Founding Partner and Chief Strategist of Alpine Macro. From 2015 to 2016, he was Co-Director of Macro Research at Brandywine Global Investment Management. Prior to Brandywine Global, Chen spent 23 years at BCA Research. As a Partner, Managing Editor and Chief Global Strategist, Chen developed and wrote BCA’s China and Emerging Markets publications in the 1990s. Chen became the firm’s Chief Global Strategist in the 2000s and was the author of BCA’s flagship publication, Global Investment Strategy from 2005 to 2015. He holds an MA in economics from the Central University of Finance and Economics, was a visiting scholar at University of Illinois at Urbana-Champaign and pursued post graduate studies with a PhD candidacy at McGill University.

J. ANTONY BOECKH, PHD

CEO, EDITOR-IN-CHIEF

Tony is Founding Partner, CEO and Editor-in-Chief of Alpine Macro. Tony was previously Chairman, Chief Executive and Editor-in-Chief of Montreal-based BCA Research for 34 years. He was the publisher of among others, the Bank Credit Analyst, a monthly big-picture analysis of the U.S. economy and financial markets. Tony has a PhD in Finance and Economics from The Wharton School, University of Pennsylvania, and a B. Com. from the University of Toronto. He is a founding trustee of the Fraser Institute in Vancouver, British Columbia (an economic “think tank” dedicated to free market principles).

DAVID ABRAMSON

SENIOR STRATEGIST

David is a Partner and Senior Strategist with Alpine Macro. For 28 years, David was a Macro Strategist holding a variety of senior roles at BCA Research. Most recently, he was Chief U.S. Strategist and also Director of Research for the firm. During his tenure at BCA Research, David launched and managed the European Strategy and Commodity & Energy Strategy services. In addition, he was the Managing Editor for the Foreign Exchange Strategy and the China Investment Strategy services. He has taught international finance to MBAs at McGill University for 20 years, and is on the Client Committee of the Kenneth Woods Portfolio Management Program at Concordia University.

YAN WANG

CHIEF EMERGING MARKETS/CHINA STRATEGIST

Yan Wang is a Partner and the Chief Emerging Markets/China Strategist. Prior to Alpine Macro, Yan spent 15 years at BCA Research, as the Managing Editor and Chief Strategist for BCA’s China Investment Strategy service, and played a major role in formulating BCA’s view on the Greater China region and emerging Asia. Prior to joining BCA, he spent six years as an equity analyst in China and Hong Kong. Yan holds an MBA in Finance from McGill University, an M.A. in Economics from Tianjin Institute of Finance and a B.A. in Finance from Nankai University. He also holds the CFA designation.

Contact Us

Alpine Macro

1130 Sherbrooke Street West, PH1 Montreal, Quebec H3A 2M8

info@AlpineMacro.com

+1 (514) 558-1414