Alpine Macro
Alpine Macro is a Montreal-based independent global macroeconomic investment research firm founded in 2017, delivering top-down macro analysis, asset allocation, and thematic research to institutional investors via ten subscription services led by senior strategists, now majority-owned by Oxford Economics.
- Company typePrivate
- Founded2017
- HeadquartersMontreal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Alpine Macro does
Alpine Macro is an independent global macroeconomic investment research firm headquartered in Montreal, Canada, founded in October 2017. The firm delivers top-down macroeconomic analysis, asset allocation recommendations, and thematic investment insights to qualified institutional investors including asset managers, hedge funds, pension funds, and family offices. Alpine Macro operates as a platform-plus-modules research architecture built around ten specialized subscription services: Global Strategy, Emerging Markets & China Strategy, Global Fixed Income & Currency Strategy, U.S. Themes & Strategy, U.S. Bond Strategy, Global Asset Allocation, Equity Strategy, Innovation Themes & Strategy, Commodity & Energy Strategy, and Geopolitical Strategy. Each service is led by a dedicated senior strategist and delivers research on varying cadences (weekly to quarterly) using proprietary methodologies, most notably a liquidity-based forecasting framework and a quantitative GTAAI model that allocates across 26 asset markets in 12 developed-market countries.
The firm's core technology and intellectual property consist of proprietary research methodologies, macro forecasting frameworks, and the GTAAI quantitative allocation model, rather than software products. There is no public API, SDK, or consumer-facing technology product. The team is anchored by 13 senior strategists, the majority of whom previously held leadership roles at BCA Research, including co-founder Chen Zhao (Chief Global Strategist, 23 years at BCA) and Executive Chairman J. Anthony Boeckh (34 years leading BCA). The team includes five strategists with central bank backgrounds (Bank of Canada, Bank of Tokyo-Mitsubishi UFJ) and senior macro expertise from PSP Investments, CIBC Global Asset Management, State Street Global Markets, UBS, J.P. Morgan, and Brandywine Global.
Alpine Macro operates a sales-led B2B subscription revenue model. Research is offered on a complimentary evaluation basis to qualified investment professionals, with paid subscriptions for continued access; pricing is not publicly disclosed. Distribution is direct-to-institutional via a dedicated client portal (my.oxfordeconomics.com) with high-touch engagement including conference calls and meetings with strategists, complemented by webinars, an insights blog, and an annual NYC Conference co-hosted with Oxford Economics. In June 2025, Oxford Economics acquired a majority stake in Alpine Macro, materially expanding distribution and platform scale while preserving the firm's independent editorial brand and operational autonomy.
Alpine Macro firmographics
Firmographics- Name
- Alpine Macro
- Legal name
- Alpine Macro Inc.
- Website
- https://alpinemacro.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Alpine Macro is a Montreal-based independent global macroeconomic investment research firm founded in 2017, delivering top-down macro analysis, asset allocation, and thematic research to institutional investors via ten subscription services led by senior strategists, now majority-owned by Oxford Economics.
- Ownership category
- akta.pro rank
Alpine Macro industry classification
Industry- Product category
- Investment Research
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Macro & Rates Research (FSACAGAC)
- akta.pro secondary industries
- Strategy & Thematic Research (FSACAGAG), FX Research (FSACAGAD), Sector-Specific Industry Research (FSACAGAL)
Keywords
Where Alpine Macro is headquartered
LocationHeadquarters
- HQ city
- Montreal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Alpine Macro business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Subscription Research Services: Alpine Macro generates revenue through subscription-based research services delivered to qualified investment professionals. Research is provided on a complimentary evaluation basis initially, with paid subscriptions for continued access. The firm offers multiple research services including Global Strategy, Emerging Markets & China Strategy, Global Fixed Income & Currency Strategy, U.S. Themes & Strategy, U.S. Bond Strategy, Geopolitical Strategy, Equity Strategy, Innovation Themes & Strategy, and Commodity & Energy Strategy.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Alpine Macro product offering
Product offeringCore offering
Alpine Macro provides subscription-based independent global investment research services to qualified institutional investors. The firm offers ten specialized research services covering global strategy, emerging markets and China, fixed income and currencies, U.S. themes and bonds, equity, geopolitics, commodities and energy, asset allocation, and innovation themes. Research is delivered through structured reports on weekly, bi-monthly, and monthly cadences, with direct access to senior strategists via conference calls and meetings.
Product overview
Alpine Macro is an independent global investment research firm that operates as a platform-plus-modules architecture offering multiple specialized research services. The core offering consists of ten distinct research services covering Global Strategy, Emerging Markets & China Strategy, Global Fixed Income & Currency Strategy, U.S. Themes & Strategy, U.S. Bond Strategy, Global Asset Allocation, Equity Strategy, Innovation Themes & Strategy, Commodity & Energy Strategy, and Geopolitical Strategy. Each service is led by a dedicated strategist and delivers reports on different cadences (weekly, bi-monthly, monthly, quarterly), proprietary indicators, and thematic chartpacks. The services are designed to work together as a comprehensive macroeconomic research offering, with cross-disciplinary insights shared across teams. The firm was acquired by Oxford Economics in June 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Global Strategy Weekly research service led by Chief Global Strategist Chen Zhao that identifies major investment opportunities across all asset classes globally, provides asset allocation recommendations, and warns against developing major risks. Designed for institutional investors and qualified investment professionals.
- Emerging Markets & China Strategy Service led by Yan Wang focusing on investment opportunities in developing markets with particular attention to China and its global economic impact. Includes weekly reports, quarterly equity allocation strategy, and a China monthly tracker. Designed for institutional investors.
- Global Fixed Income & Currency Strategy Service led by Harvinder Kalirai analyzing macroeconomic and political trends to identify actionable investment and trading opportunities in G10 bonds and currencies. Includes weekly reports, proprietary indicators, and special reports. Designed for institutional investors.
- U.S. Themes & Strategy Monthly publication authored by David Abramson focusing on actionable macro themes and investment insights over cyclical and secular horizons, covering economic, monetary, and political trends affecting U.S. financial markets.
- U.S. Bond Strategy Service led by Mark McClellan that distills Alpine Macro's macro views into U.S. bond strategy and sector recommendations over a 3-6 month horizon. Includes bi-monthly strategy reports and monthly thematic chartpacks. Designed for institutional investors.
- Global Asset Allocation Service led by Bassam Nawfal that distills Alpine Macro's macro insights into concise, actionable advice across markets, based on qualitative assessment over a 3-6 month forward-looking horizon, with mid-month reports covering 20 asset markets.
- Equity Strategy Service led by Nick Giorgi focused on identifying actionable investment opportunities and optimally positioning tactical strategy across U.S. equity sectors, styles, factors, and market cap. Includes bi-monthly reports and a monthly outlook chartbook. Designed for institutional investors.
- Innovation Themes & Strategy Service led by Noah Ramos that analyzes how emerging technologies impact portfolios and shape the future, covering AI, automation, IoT, quantum science, biotechnology, and defense. Uses a top-down approach to identify actionable investment opportunities.
- Commodity & Energy Strategy Service led by Kelly Xu offering actionable insights across oil, natural gas, precious metals, industrial metals, and agriculture markets. Takes a thematic macro approach integrating cross-disciplinary insights from Emerging Markets, FX, and Geopolitics teams.
- Geopolitical Strategy Service led by Dan Alamariu providing comprehensive analysis of major geopolitical trends and their economic and investment implications. Includes bi-monthly reports, special alerts, quarterly chartpacks, and an analytic callboard. Designed for institutional investors.
Companies that use Alpine Macro
Customer profileSegments1 record
Ideal customer profiles1 record
Alpine Macro technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Alpine Macro partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Alpine Macro competitors and assessment
Company assessmentDirect peers
- BCA Research: Independent global investment research firm where most of Alpine's founding strategists (Boeckh, Zhao, Abramson, McClellan, Wang, Kalirai, Xu) spent decades. BCA is the direct predecessor and most direct competitive comparable in macro/asset-allocation research.
- TS Lombard: Independent global macro research firm offering cross-asset strategy to institutional investors. Closely comparable to Alpine in product mix, subscription model, and institutional client base.
- Gavekal Research: Independent research firm focused on global macro and Asian/emerging markets. Direct competitor to Alpine's China/EM and global strategy services with a similar subscription research model.
- Capital Economics: Independent macroeconomic research and forecasting firm serving institutional clients. Overlaps directly with Alpine's Global Strategy, Fixed Income/FX, and Commodity services, and is a similar size to Alpine.
- Variant Perception: Independent macro research service providing actionable, cross-asset investment research to institutional investors. Closely matches Alpine in target customer, delivery model, and product positioning.
- Strategas Research Partners: Independent research firm providing macro, thematic, and policy-driven investment strategy. Overlaps with Alpine's U.S. Themes, Equity, and Geopolitical research services.
- Ned Davis Research: Independent, quantitative-driven investment research firm serving institutional investors. Comparable to Alpine in cross-asset coverage and institutional subscription model, with a stronger quantitative tilt.
- 13D Research & Strategy: Independent research firm providing activist, thematic, and macro research. Noah Ramos joined Alpine from 13D, and the firm directly overlaps with Alpine's Innovation Themes and Geopolitical Strategy services.
- Eurasia Group: Global political risk research and advisory firm. Directly comparable to Alpine's Geopolitical Strategy service; Dan Alamariu previously served as Director of Global Comparative Analysis at Eurasia Group.
Emerging players
- Roubini Macro Associates: Independent global macro advisory firm offering research and strategy to institutional clients. Overlaps with Alpine's Global Strategy service but is narrower in asset-class coverage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Alpine Macro social profiles
Digital presenceAlpine Macro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alpine Macro leadership team
Management profileNumber of profiles
Profiles14 records
Alpine Macro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alpine Macro M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alpine Macro
What does Alpine Macro do?
Alpine Macro provides subscription-based independent global investment research services to qualified institutional investors. The firm offers ten specialized research services covering global strategy, emerging markets and China, fixed income and currencies, U.S. themes and bonds, equity, geopolitics, commodities and energy, asset allocation, and innovation themes. Research is delivered through structured reports on weekly, bi-monthly, and monthly cadences, with direct access to senior strategists via conference calls and meetings.
Is Alpine Macro a public or private company?
Alpine Macro is a private company. It is classified as corporate owned and is currently operating.
When was Alpine Macro founded?
Alpine Macro was founded in 2017. It employs 11 to 50 people.
Where is Alpine Macro based?
Alpine Macro is headquartered in Montreal, Canada, in the North America region.
How does Alpine Macro make money?
One revenue line is on record: subscription Research Services.
Who are Alpine Macro's main competitors?
Direct peers on record are BCA Research, TS Lombard, Gavekal Research, Capital Economics, Variant Perception, Strategas Research Partners, Ned Davis Research, 13D Research & Strategy and Eurasia Group. Roubini Macro Associates is listed as an emerging player.
Does Alpine Macro have an API?
No public API is recorded for Alpine Macro.
What industry is Alpine Macro in?
Alpine Macro's product category is Investment Research. Its primary akta.pro industry code is FSACAGAC, Macro & Rates Research, with a secondary code of FSACAGAG, Strategy & Thematic Research. Its NAICS code is 523940 and its SIC code is 6282.