When the Bank of England stepped in to calm the gilt market in September and save pension funds from collapse, hedge fund Man Group didn’t panic — its quants had seen similar situations in other markets before.
The gilt market is seen as a place of stability, where investors go during bouts of volatility. Mark Jones, deputy chief executive of Man Group, told Financial News that the crisis did feel unusual because that particular market was swinging, but the pattern was a familiar one for his number crunchers.
“Spikes...
Read more on fnlondon.com