a-contrarians-view-on-a-return-to-volatility

A contrarian's view on a return to volatility

Asia's favourite equity markets are still overvalued, lacking in transparency and ripe for catastrophic collapse. That's good news for some.
August 19, 2007
The recent turmoil in global equity markets may have spooked millions of investors around the world but it hasn't come as bad news to everyone. Contrarians like Stephen Diggle, a hedge fund manager with Artradis, have been betting on a return to volatility for the past few years.

When volatility started hitting all-time lows in 2005 analysts explained the phenomenon by arguing that a combination of financial derivatives, structured products and hedge funds had created a new paradigm in which risk was almost perfectly recycled through the financial markets. It was a nice idea, but Diggle and his colleagues didn't buy it. Literally. Today, while consensus theorists are struggling to explain what went wrong, Artradis...
¬ Haymarket Media Limited. All rights reserved.

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