Systematic hedge fund manager Roy Niederhoffer, whose performance is thriving amid the Covid-19 market shocks, says the near future “will be much more volatile for a much longer time than we’ve seen before”.

Niederhoffer’s Diversified fund, the flagship of his New York-based firm RG Niederhoffer Capital Management, is up 30% as of 6 April, a person familiar with the matter told Financial News. Renowned for performing well in times of disaster, Niederhoffer’s fund made 51% in 2008, the start of the global financial crisis.