Laurence Fletcher - Financial Times
Hedge fund Gammon Capital has chalked up a 600 per cent gain so far this year, ranking it as one of the world's best performers, thanks to well-timed bets on volatility during the coronavirus-driven market ructions.
The New York-based firm, headed by Michael Mescher, a former Barclays trader, correctly wagered on soaring volatility in early March as risky assets slumped. The $25m-in-assets firm also took options positions that rose sharply as markets rebounded in the second half of the month.
/on.ft.com/2CO2dMp
Hedge fund Gammon Capital has chalked up a 600 per cent gain so far this year, ranking it as one of the world's best performers, thanks to well-timed bets on volatility during the coronavirus-driven market ructions.
The New York-based firm, headed by Michael Mescher, a former Barclays trader, correctly wagered on soaring volatility in early March as risky assets slumped. The $25m-in-assets firm also took options positions that rose sharply as markets rebounded in the second half of the month.
/on.ft.com/2CO2dMp
