Repeat of 2008 rout not likely, says hedge fund veteran
Singapore
STEPHEN Diggle says market turbulence is certain to surge. But he doesn't plan to resurrect his volatility hedge funds, which made US$2.7 billion in the global financial crisis, as central banks will stop a repeat of the unprecedented price swings reached in 2008.
An unexpected event - a misstep from a major central bank or conflict on the Korean peninsula - could spark a global rout "almost instantly", thanks to the increased prevalence of algorithmic trading, said Mr Diggle, chief executive officer of Singapore-based family office Vulpes Investment Management.
