The team behind SuperMacro
SuperMacro is built on three decades of delivering positive investment returns and managing risk at the highest levels of global finance.
Jonny Matthews
Former Brevan Howard Partner & Portfolio Manager · Fortem Capital GIC
I spent 12 years as a macro portfolio manager at Brevan Howard — one of Europe's largest global macro hedge funds — managing up to $500m in assets and eventually becoming a partner. I produced positive returns in the vast majority of years, with a peak annual return of 18.4% and a worst-ever loss of just 4.6%.
I started my career at Salomon Brothers in the early 1990s trading equity derivatives. After 11 years in a senior trading role as an MD I left to join Brevan Howard, where I focused on macro fundamentals across all asset classes — equities, credit, fixed income, FX, and derivatives including relative value and volatility arbitrage.
I found that writing clearly about my market views sharpened my own investment thinking dramatically. SuperMacro grew out of that discipline. I take active positions aligned to the views I express, and I publish my portfolio returns and core strategies every week. I am now also a member of the Global Investment Committee at Fortem Capital, a UK-regulated investment boutique with $2.3bn under management.
Stephen Millman
Two decades in market-making and institutional broking
I acquired extensive market-making experience over two decades, initially trading single stocks then options, before transitioning into broking. From the early 2000s my client base evolved to include some of the largest global macro hedge funds — a shift that deepened my interest in economics and the macro forces driving markets.
I now manage SuperMacro's social media presence and market engagement, helping to translate Jonny's institutional-grade analysis for a broader audience of serious investors.
“Writing about markets every day made me a better investor. The discipline of being clear forces you to be right.”
SuperMacro is not a tips service. It is a daily analytical framework, the same process Jonny applied managing institutional capital, applied to whatever is actually moving markets that morning. Every view is backed by data, every trade idea is disclosed, and the portfolio P&L is published every week so subscribers can hold us to account.