Hedge fund manager Said Haidar, known for his highly leveraged macro trading, is experiencing the worst consecutive losses in his personal history. According to an investor report, the Haidar Jupiter fund he manages fell 32.7% last year, before plummeting 43.3% in 2023. Another letter to investors showed that due to losses and the return of funds to clients seeking divestment, assets had shrunk to about US$818 million by the end of November from nearly US$5 billion two years ago. These numbers indicate a drastic change in Haidar's luck. His company of the same name, Haidar Capital Management, was founded in 1997 to bet on changes in the global macroeconomic situation. Although many hedge fund operators now aim to obtain stable returns to cater to risk-averse clients such as pensions, Haidar still sticks to the goal of high returns, even though this also means high volatility.

Hedge fund manager Said Haidar, known for his highly leveraged macro trading, is experiencing the worst consecutive losses in his personal history. According to an investor report, the Haidar Jupiter fund he manages fell 32.7% last year, before plummeting 43.3% in 2023. Another letter to investors showed that due to losses and the return of funds to clients seeking divestment, assets had shrunk to about US$818 million by the end of November from nearly US$5 billion two years ago. These numbers indicate a drastic change in Haidar's luck. His company of the same name, Haidar Capital Management, was founded in 1997 to bet on changes in the global macroeconomic situation. Although many hedge fund operators now aim to obtain stable returns to cater to risk-averse clients such as pensions, Haidar still sticks to the goal of high returns, even though this also means high volatility.