Artemis Capital, a hedge fund that since 2012, has been wagering on a rehash of the 1987 Dark Monday stock market crash has made millions on account of the stock market being in chaos.

Cole’s Artemis Vega fund, which he began with $1m and has now pulled in almost $350m of financial specialists’ money, is intended to “create opportunity from disorder” – and he accepts there is significantly more tumult coming.

His wagers paid off this week as the stock markets has fallen, mobilized and afterward fell once more. Artemis is intended to profit by such times of turmoil and unpredictability. Market unpredictability, estimated by the Chicago Board Options Exchange (CBOE) Volatility index known as Vix or the “fear index”, spiked 84% on Monday – the greatest one-day increment since the 1990s.

Cole said the fall in Vix ETPs was comparable to the quant support investments emergency of 2007, which went before the 2008 crisis.

Cole said he has not worked out how much cash he has produced using his own cash invested into Artemis, however he joked,”If the market sells off the way I think it will, maybe I’ll buy a Bond-villain style base on a volcanic island in the Pacific.”

“We are going to have a full-blown financial crisis on the same level as the last one, if not worse. I’m not saying the world is going to end in the next two weeks, but I would be surprised if it doesn’t happen in the next two years”, Cole answered when asked about the future of the stock markets. He also added, “I do think another crisis of that magnitude will occur in the next few years.”

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