Hedge funds welcome chance to profit from market chaos

Volatile market conditions have been welcomed by fund of hedge fund managers, who say it gives them a chance to profit from wild price swings and global uncertainty. Amid a summer of Chinese equity and currency turmoil, eurozone crisis and worries over a rise in US interest rates, 2015 has turned into a year of profit for the funds, which perform best in such conditions. Fund of hedge funds have had a good year. Eurekahedge’s fund of funds index is up 3.55% year to date, for exa…