Haidar Hedge Fund That Surged on Virus Slumps on Vaccine
- Haidar Jupiter lost 23.5%, the most in more than two decades
- Losses sparked by stocks rally after vaccine optimism
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The raging global pandemic helped hedge fund manager Said Haidar make more than 25% during the market turmoil in March. Vaccines that could end the crisis have now erased those gains.
His Haidar Jupiter macro hedge fund slumped 23.5% in November, its biggest monthly decline since starting more than two decades ago, as bets against stocks suffered in a global market rally, according to a letter to investors seen by Bloomberg.