Formerly High-Flying Haidar Posts Record Loss in November

Here is why the macro fund was caught off guard — and how it has changed its positioning.

Said Haidar (Christopher Goodney/Bloomberg)

Said Haidar

(Christopher Goodney/Bloomberg)

So much for its record-setting year.

The Haidar Jupiter Fund, which had previously been on a tear after correctly identifying the pandemic as a major global crisis early on, just posted its worst month since its 1999 inception. The fund lost a stunning 23.51

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