Trader who made billions in 2008 returns to bet on Asia-Pacific market swings

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The story "Trader who made billions in 2008 returns to bet on Asia-Pacific market swings" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

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Trader who made billions in 2008 returns to bet on Asia-Pacific market swings - SCMP

Quick Summary:

Former trader at Singapore hedge fund seeks US$250 million to bet on market volatility, corporate failures in Asia-Pacific.

The then Singapore-based hedge fund firm saw assets swell to nearly US$5 billion in 2008, bolstered by profits from bets on market routs and bank troubles, only to later fall victim to a turn in markets brought on by unprecedented central bank intervention.“The number of fault lines out there today are greater, and the chances of something going wrong are significantly greater, but risk prices have come down,” Diggle said, drawing comparison with conditions under more than a decade of easy monetary policies.“So we are kind of in an analogous situation to where we were in 2005 to 2007.

The equity portfolio will also have single stocks or indexes as bullish wagers.