Said Haidar’s conviction that inflation was about to explode across the globe can be summarized by a single number: $63 billion. That’s how much his
The catch? The hedge fund actually oversaw just $1.2 billion.
That copious leverage led to a tumultuous year — one month the fund was up 54%, another it was down 20% — but ultimately paid off, producing a 193% return for investors. Haidar bet big that interest rates would climb at a rapid clip, correctly positioning to profit from the surge in inflation that led to the most aggressive central bank tightening campaign in ...
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