Wall Street veteran whose fund returned 160% in 2022's bear market shares his trading 'bible'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Fund manager Neal Berger, who more than doubled his money last year, reveals how he trades the market.

Last year's bear market left many investors deep in the red, but hedge fund manager Neal Berger bucked the trend. Berger is founder and president of Eagle's View Capital Management. The hedge fund's Contrarian Macro Fund delivered returns of more than 160% in 2022, using futures contracts to short stocks and bonds whose valuations Berger saw as distorted by years of easy money.

The reversal of this liquidity infusion will now be a tremendous headwind against asset prices for the foreseeable future," he said. 'My bible is the price action' That's why the veteran fund manager is sticking to his tried-and-proven playbook. The Contrarian Macro Fund currently holds short positions in S & P 500 futures, U.S. 10-year note futures, German bund futures and Japanese Government Bond futures, according to notes Berger sent to CNBC.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Keywords: Fraud, Tax evasion, Scam, Ponzi Scheme...

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts like these stocks amid easing inflationTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Alphabet & Intuitive Surgical AndrewDudum Good job! AndrewDudum Congrats AndrewDudum all the hard work yourself and the team have put in to growing the company & fulfilling your vision, is finally starting to get the recognition it deserves Heads down as we navigate the economic headwinds ahead $HIMS
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street's favorite retail stocks include Amazon and this little-known shoe companyThese are analysts favorite retails stocks with more than 30% upside potential. IRGCterrorists
Source: CNBC - 🏆 12. / 72 Read more »