Said Haidar, a hedge fund manager known for high-leverage macro trading, is facing the worst consecutive losses of his career. According to an investor report, the Haidar Jupiter Fund he manages fell by 32.7% last year, following a drop of 43.3% in 2023. Another letter to investors indicated that as of the end of November, assets had shrunk from nearly 5 billion dollars two years ago to about 0.818 billion dollars, impacted by losses and returned funds to clients seeking to withdraw. These figures indicate a substantial change in Haidar’s fortunes. His eponymous firm, Haidar Capital Management, was founded in 1997 and bets on changing global macroeconomic conditions. While many hedge fund operators now aim to achieve stable returns to cater to risk-averse clients like pensions, Haidar continues to pursue high returns, even though this also means high volatility.