India Markets closed

Hedge-Fund Veteran Shuns Volatility Wagers This Time Round

Netty Idayu Ismail
Hedge-Fund Veteran Shuns Volatility Wagers This Time Round

Stephen Diggle, who co-founded a hedge fund that made $2.7 billion on volatility wagers during the global financial crisis, isn’t betting on similar fluctuations now even as central banks begin to roll back years of extraordinary stimulus. Governments and central banks worldwide now see themselves as