Neal Berger’s new fund delivered triple-digit returns initially betting that the US Federal Reserve would unwind a decade of stimulus.
After running Eagle’s View Capital Management as a fund of funds for 16 years, founder Neal Berger decided to add his own fund to the mix. The Contrarian Macro Fund launched initially with partner capital in April 2021 to load up on bets that the US Federal Reserve would unwind a decade of stimulus -- even as policymakers were describing inflation as “transitory.” By the time the Fed reversed course, Berger was starting to accept external money.
He joins a number of macro hedge fund managers, including Said Haider, Crispin Odey and Michael Platt’s BlueCrest Capital Management, who managed to use bets on the economy to multiply their money during the past year of turbulence that spelledBerger said he’s using futures contracts to short stocks and bonds he saw as distorted by years of monetary stimulus.
Neal Berger joins Crispin Odey as one of the few hedge fund managers to profit from last year’s market weakness.The Contrarian Macro Fund mostly holds bearish bets on Europe and American assets, with hedges that pay off during more positive periods. After the Bank of Japan widened the upper limit for 10 year-yields, the fund also set up short positions against Japanese bonds and wagered that the yen would rise.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal government went against health advice for China traveller COVID-19 testing requirements, letter revealsThe federal government introduced COVID-19 testing requirements for travellers from China despite the advice from the chief medical officer explicitly counselling against the restrictions.
Read more »
Federal government went against health advice for China traveller COVID-19 testing requirements, letter revealsThe federal government introduced COVID-19 testing requirements for travellers from China, despite advice from the chief medical officer explicitly counselling against the restrictions. 9News
Read more »
Federal politics updates LIVE: Australia awash with wheat after hard-slog harvestGrainCorp says rail and road bottlenecks are holding back exports as China, other international customers look to secure food supply. Follow updates here.
Read more »
Peter Dutton says Labor ‘making it up’ as they go after government ignored advice on China travelOpposition leader suggests federal government should have followed chief medical officer’s advice not to require pre-flight Covid test
Read more »
SA wine producer loses $1m worth of grapes in floodsA South Australian wine producer has lost $1 million worth of grapes as the state and federal governments unveiled a $126 million flood recovery package.
Read more »
River Murray flood funding: Who is eligible and how much are the payments?A range of state and federal government funded grants have been announced for flood-impacted communities along South Australia's River Murray. So, who is eligible and how much could they receive?
Read more »