The Evercore Wealth Management Macro Opportunity Fund is an extension of the firm's "diversified market hedges" strategy, which seeks to preserve investor assets without sacrificing capital appreciation. The strategy was developed in January 2009 as a tactical overlay for individual client portfolios. Macro Opportunity Fund managers are able to access vehicles that can take long and short positions in a range of assets, including sovereign and corporate debt, currencies, commodities and equities.

"While policymakers can support any asset class they choose, support must come at the expense of another asset class and this cost is often unnoticed initially by investors," said John McDermott, lead manager of the fund.

McDermott is a partner and portfolio manager at Evercore Wealth in New York and lead manager of the diversified market hedges strategy. He joined the firm in 2008 and used to work for US Trust and Columbia Management. Joining him as portfolio managers are Brian Pollak, a fixed income portfolio manager at Evercore Wealth responsible for taxable bond investments, Judy Moses, partner and equity portfolio manager, and John Apruzzese, partner and chief investment officer. 

Evercore Wealth Management managed around $2.9 billion in assets of 30 September 2011.