Hedge Fund Led by Macro Trader Said Haidar Rebounds with 15.8% Surge
Said Haidar's Haidar Jupiter fund witnessed its most significant gain in 19 months in January, delivering a respite for clients amidst a challenging market environment.
According to investor letters obtained by Bloomberg News, the fund surged an estimated 15.8% in January, eclipsing its previous high of June 2023. This surge follows a 62% decline over the past two years, leaving Haidar with a significant recovery ahead.
Haidar Capital Management declined to comment.
Known for his high-risk, high-reward trading strategies, Haidar's approach has resulted in both double-digit gains and losses. This volatility has set his hedge fund apart in an industry increasingly focused on consistent returns for risk-averse investors.
Despite the January gains, Haidar still faces an uphill climb to recoup the losses incurred over the past two years. However, the surge provides a glimmer of hope for investors who have endured a tumultuous period.
Assets under management have declined from nearly $5 billion two years ago to below $750 million at the end of last year. While the specific drivers of January's performance remain unclear, equities, fixed income, and commodities reportedly received the largest allocations.
Haidar's macroeconomic perspectives include expectations for a steepening yield curve and a continued rally in equities driven by a less aggressive tariff policy and strong earnings growth.
Founded in 1997, Haidar's firm focuses on macroeconomic shifts worldwide. According to its latest SEC filing, the fund managed $25.4 billion in regulatory assets, including leverage, at the end of 2023.