Trusted Globally on the Leading Investment & Mining Websites

How We Help Portfolio Managers & Individual Investors?

An independent investment research firm that applies a market cycle approach to identifying opportunities across asset classes, commodities, and sectors to identify company specific long and short ideas through market cycles.

In addition to offering written research reports, First Macro Capital provides consulting services to its institutional clients. The consulting services that allow for direct access to Paul regarding his outlook on sectors and stocks or on any specific topics of interest you have. For more details, please email us at

Trusted by Individual & Institutional Investors all over the world.

  • Paul has advised corporate and institutional clients based in Canada, U.S., U.K., New Zealand, and China.
  • Paul and his team contribute trade ideas to some of the largest quantitative hedge funds in North America and the UK.

Who is Paul Farrugia?

  • First Macro Capital is led by Paul Farrugia,  President & CEO.
  • He was an Associate Portfolio Manager and Vice President of Investment Research for a multiple award-winning portfolio manager in Canada and was a mining consultant for a hedge fund manager of the year.
  • He is a graduate of the University of Toronto (Global Top 25 School) with a Bachelor of Commerce.