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New Hedge Fund Soars 163% Betting It’s All Going Down

  • Eagle’s View Capital launched fund to catch market downturn
  • Fund is betting on continued bear market, BOJ tightening

A veteran trader’s well-timed bet on the end of easy money has achieved triple-digit returns in his new hedge fund’s first full year. 

After running Eagle’s View Capital Management as a fund of funds for 16 years, New York-based 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 Federal Reserve would unwind a decade of stimulus — even as policy makers were describing inflation as “transitory.”