After five years as a consultant with CRU, the commodities research unit, Julien joined ABN AMRO as their global commodities & mining strategist. He then took on a role as head of European equity strategy at the same institution, following that with a global macro strategy role on the hedge fund desk. Julien moved to Legal & General in 2005 as Head of Asset Allocation, and he launched and managed its global macro fund, focussing on achieving absolute returns, uncorrelated with the S&P. Julien spent a brief time at the Sofaer group of hedge funds, running their global macro and resources books, before joining UBS in late 2009. At UBS, Julien was head of global commodity strategy on the research side and he ran the European mining team. Julien's focus is on the global liquidity cycle and its implications for commodities, emerging markets and broader asset allocation. Julien joined the MacroStategy Partnership in September, 2015.