The global economy may be in meltdown, with the International Monetary Fund suggesting that global debt could rise by around eight trillion dollars this year thanks to the COVID-19 pandemic. But as the saying goes, where there's a crisis, there is always an opportunity.

And nowhere may that be truer than in the world of hedge fund management, where a stock market collapse can be worth millions, if not billions of dollars.

Nicole Boyson is the Patrick F. and Helen C. Walsh Research Professor at the D'Amore-McKim School of Business at Northeastern University in Boston.

She spoke to The Agenda's Stephen Cole about the state of the world's hedge funds, how they make money from a financial crisis – and how they might help to aid the global recovery from a post-COVID recession.

Remember to sign up to Global Business Daily here to get our top headlines direct to your inbox every weekday