#’Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’
“‘Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’” An upstart hedge fund achieved a whopping 163% return last year by betting Fed rate hikes would cause economic chaos, according to a report Wednesday. Investment manager Neal Berger’s Contrarian Macro Fund, which controls about $200 million in assets, placed bearish…