Haidar fund posted 11.5 percent October loss, Nishant Kumar notes

Haidar fund posted 11.5 percent October loss, Nishant Kumar notes
Haidar fund posted 11.5 percent loss

Said Haidar's macro hedge fund lost 11.5 percent in October. According to Nishant Kumar, this monthly loss is not unusual for the fund, which has recorded 15 worse months since its track record began. The fund gained 193 percent in 2022 but then lost 43 percent and 33 percent over the following two years.

Another recent report by Nishant Kumar noted that a Millennium trader involved in early spinout talks departed to join Balyasny earlier this year. Kumar has also reported that Arini and Sona hedge funds saw declines after a sharp drop in parts of the junk-debt market in recent weeks. These developments follow ongoing challenges for several macro and credit-focused managers.

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