Without a little alleged help, it’s proven harder for hedge fund managers to make money on The Most Important Vaccine In Human History than one might expect. It is, however, one thing to not make money, or not as much money as might have been possible and you might have liked, on failing to predict just how quickly the Pfizers and Modernas of the world would figure this thing out. It’s quite another thing to lose all of those frothy pandemic profits you thought you’d booked betting on the end of the world. Just ask Said Haidar.

His Haidar Jupiter macro hedge fund slumped 23.5% in November, its biggest monthly decline since starting more than two decades ago, as bets against stocks suffered in a global market rally…. “We were caught off guard by a series of vaccine announcements in rapid succession, with much higher efficacy rates and highly expedited approval, manufacturing, and distribution timetables than earlier guidance suggested,” New York-based Haidar wrote to clients…. The fund, which had gained as much as 68% through August this year, is now up 15.5%.

Haidar Hedge Fund That Surged on Virus Slumps on Vaccine [Bloomberg]

Related

coronavirus

Hedge Funds Inoculated Themselves Against Vaccine Profits

As the CEOs of the various COVID vaccine makers would tell them, timing is everything.

coronavirus

Pharma Accused Of Taking Break From COVID Vaccine Work To Give Former Hedge Fund Owner An Opportunity To Do A Little Insider Trading

That pause in selling Vaxart shares and increase in ownership ceiling sure was fortuitously timed for Armistice Capital, no?

coronavirus

Hedge Funds Catch A Serious Case Of Alpha

Can there be a pandemic every month

coronavirus

Allianz Still Struggling With Terrible COVID Side Effects

Specifically, a Justice Department probe to go along with the SEC investigation and shareholder lawsuits.

jimsimons

Jim Simons Backing Coronavirus Vaccine In Between Bouts Of Smoker’s Cough

If he survives the cancer sticks, he sure as hell doesn’t want to die of some trumped-up flu.

coronavirus

In Honor Of Herman Cain, Former Hedge Fund Manager Declares War On COVID Almost Over

We’re sure the former presidential candidate would agree, had COVID not taken his ability to continue breathing.