Macro Takes a Beating in November

Haidar and Bridgewater both suffered large losses.

Said Haidar (Chris Goodney/Bloomberg)

Said Haidar

(Chris Goodney/Bloomberg)

Talk about volatility.

Haidar Jupiter Fund lost an estimated 19.78 percent in November, according to an e-mail communication with investors seen by Institutional Investor. Even so, the macro fund is still up about 194 percent for the year.

To put Haidar’s performance into perspective, its November monthly loss exceeded the amount that virtually every profitable hedge fund is up for all of 2022.

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