Hedge Funder’s Leveraged Bet on Interest Rates Makes Him 6th Highest-paid Manager
Haidar Capital Management founder Said Haidar made a massive bet on inflation that earned him $859 million. That payoff propelled him onto Bloomberg’s top 10 earners list. Haidar predicted that markets wouldn’t consider inflation risks. As a result, central bank tightening was likely. He was right. The Federal Reserve raised interest rates to battle inflation.…