Said Haidar's $4.3 billion Haidar Jupiter hedge fund is up 274% so far in 2022 – four-times it's previous best ever annual performance – having chalked up a 19% gain in September alone, according to a report by Bloomberg.
The fund is one of a cohort of macro funds to have exploited recent market volatility to rack up big gains with the likes of Crispin Odey and Michael Platt also recording record profits. Rokos Capital Management and Brevan Howard Asset Management have also seen double-digit gains so far this year.
Like other rival macro funds, the key to Hiadar's success has been leveraged rates trading, which positioned the fund to benefit when central banks started raising interest rates to cool rising inflation.
The report cites an unnamed investor source as revealing that Haidar's main trade in recent months has been short wagers on interest rates in the US and UK, along with other G7 countries, which have seen bond yields soar as traders bet on the pace and extent of interest rate hikes.
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