Hedge fund Caxton extends losses to $1.3bn as Iran war rocks markets
London-based firm has become high-profile victim of market upheaval sparked by Middle East conflict
London-based firm has become high-profile victim of market upheaval sparked by Middle East conflict

Managers have struggled to navigate huge market swings sparked by conflict

Short positions rise sharply as traders eye economic fallout from Iran war

Multi-manager hedge funds have suffered losses amid huge volatility in oil and bond prices

The US market is more immune from shocks given still healthy American economic conditions and earnings

Sometimes crises do not blow over as investors might hope

After sharp market sell-off, debt investors shift focus from inflation fears to likely damage to economies