H/t reader U. W.
FYI.
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Raoul Pal was co-manager of the GLG global macro hedge fund in London.
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In 2004, he retired from fund management and started The Global Macro Investor in January 2005.
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He was one of a relatively small number of investors to predict the mortgage crisis of 2008–2009.
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He was co-head of hedge fund sales in equities and equity derivatives at Goldman Sachs in Europe, based in London
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