GMI membership
Institutional-grade macro research for identifying and riding the dominant secular and cyclical trends – with the conviction to hold through volatility.
“As one of the initial subscribers to GMI in 2005, without any doubt this publication is one of the top 5 must-read publications in the world for any investor making judgments about the global macro environment.”
Dan Tapiero · Founder, CEO, CIO — 1RoundTable Partners & 10T Holdings
Markets generate more noise than signal. Geopolitical shocks, policy pivots, social-media narratives and short-term volatility create constant pressure to react – to trim positions early, chase momentum late, or abandon a thesis just before it pays off. For most investors, even very good ones, the hardest part isn't finding the right trade. It's holding it.
The cost is measurable. Exiting a secular trend mid-cycle because a drawdown felt existential. Missing the final acceleration because the narrative shifted. Spending intellectual capital re-underwriting the same thesis every time sentiment turns. Over a full cycle, the gap between those who stayed positioned and those who didn't is often the difference between good returns and exceptional ones.
GMI exists to close that gap.
The GMI advantage
GMI distils the macro landscape into a single, coherent view of where we are in the cycle and what it means for positioning. When narratives conflict, you have a structured framework to anchor your thinking.
Proprietary models and liquidity frameworks identify cyclical turning points before consensus catches up – the structural reasoning to act with conviction, not hindsight.
The biggest drag on performance isn't picking the wrong assets – it's exiting the right ones too early. GMI shows you where you are in the cycle and why the thesis remains intact through drawdowns.
The framework – from the Everything Code to the liquidity models – is developed and published here first, often months or years before similar ideas enter broader market discourse.
Membership includes hedge fund managers, family office principals, sovereign wealth professionals and RIAs – many for over a decade. The Annual Round Table and member network create collaboration that doesn't exist elsewhere.
When the thesis is wrong, GMI says so. When the framework misses something, you'll read about it in the next monthly. Twenty-one years of rigorous analysis that shows its work.
What's included
The Monthly plus twenty-one years of archive, in a beautiful reader – with the original in-issue PDFs a page-turn away.
Chat twenty-one years of research; answered in Raoul’s voice and cited back to the page.
The Universal Code Series – a monthly audio essay written to be heard, read by Raoul, on the platform or in your podcast app.
Live lenses on GMI’s frameworks and models, opening on The GMI Compression.
All in the member app, across your devices.
A comprehensive 80–100 page report each month – the framework, the models and the positioning in one coherent view.
Quarterly AMAs with the team, plus market-timed intra-month updates when conditions shift.
A small, curated two-day gathering each year in a carefully chosen destination.
Email access to Raoul and the team – alongside twenty-one years of archive.
Your investment
For many members, GMI replaces or supplements the cost of in-house macro coverage. A single senior macro analyst represents a compensation package well into six figures – before data terminals, model infrastructure or overhead. GMI delivers an equivalent depth of analysis, updated monthly with intra-month alerts, at a fraction of that cost. Membership is structured in two options to match how different organisations engage with research.
Core service
For investors who want full access to the GMI macro framework and monthly intelligence.
$22,000 per year
+ $7,000 / year for each additional reader
Consulting services
For principals, CIOs and teams who want deeper partnership and custom research briefings.
$150,000 per year
Informational, non-advisory · bespoke engagement
Enterprise pricing. Membership features apply to one individual, but read-only access to the flagship publication can be extended across your organisation. Volume pricing is offered at 5 readers and above. Request a quote →
The book · Harriman House / Pan Macmillan · Order now
Why growth is falling, how liquidity manages the decline, and what happens when technology outruns debt.
FAQ
Sophisticated investors and professionals who want deep, original macro research and are comfortable with uncertainty, probabilistic thinking and long-term frameworks. It is not a trading-alert service or a short-term market-timing product.
GMI assumes a high level of financial literacy and market experience. Members are expected to interpret research independently and integrate it into their own decision-making framework.
A comprehensive monthly report, with intra-month updates issued when market conditions warrant. Members also receive access to the full historical archive.
Yes, GMI gives specific trade recommendations, but not trade sizing or portfolio allocations. Every recommendation is recorded, which gives GMI a 21-year track record.
Yes, it's highly actionable. It's also broader and deeper than most research services: it covers the frameworks that create the opportunities, as well as the trades themselves.
Event invitations and live calls are reserved for the primary account holder unless otherwise specified.
Subscriptions renew annually. Payment is not automatic and we do not store payment details. About 30 days before expiry you'll be issued an invoice; you have 10 calendar days after receiving it to give notice if you wish to cancel your renewal.
Yes. Access to research and member materials ends if a subscription is not renewed.
No. GMI provides research and analysis for informational purposes only and does not offer personalised investment advice.
Yes. Member details are treated as confidential and are not shared or distributed.
Become a member
Many of the world's most well-known asset managers, family offices, sovereign wealth funds and hedge fund managers are members of the exclusive GMI network – alongside individual investors, business owners, technologists and RIAs, many with us for fifteen years or more. Once you become part of the family, you tend to stay part of the family.
Submit this form and we'll give you preview access to the GMI platform: read a recent issue and explore the app and its features. We follow up with a personalised quote.
Already a member? Log in →
Trouble with the form? Email membership@globalmacroinvestor.com.