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

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The story "Trader who made billions in 2008 returns to bet on market swings" was covered 3 days ago by Business Mirror, a news publisher based in Philippines.

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Trader who made billions in 2008 returns to bet on market swings - Business Mirror

Quick Summary:

A former hedge fund manager whose firm made billions during the global financial crisis is ready to pounce on volatility again, as he sees threats to market stability at a level not seen since 2008.

It was used in part as a hedge against the banks’ inability to honor their obligations if markets tanked and in part as wagers on the lenders’ poor risk management.

At 60, Diggle will not get back into to day-to-day trading, opting to advise on overall risk management of the volatility portion.