Under fire

While short-term volatility in investment markets has increased over the past five years, hedge fund managers say it is not clear this is solely caused by hedge funds, nor that it is a longer-term phenomenon of global markets.

Justin Newdigate, one of the founders of Thames River Capital, says, although investment markets' intra-day volatility may have grown, in the longer term, many asset classes display similar volatility levels now to decades ago, before the emergence of hedge funds as a majo

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