We are pleased to announce that the 16th Annual Global Volatility Summit New York will be held on September 30th, 2025 at Hall des Lumières. For more information on this year’s event, please feel free to reach out to [email protected].
William Bartlett is Parallax Volatility Advisers’ CEO. Will has been involved with equity options since 1995 and has been with Parallax since 1996. In his more than 25 years at Parallax, he has played an active role transforming the firm from a small, floor-based equity options trading operation into a large participant in the global volatility market. Prior to joining Parallax, Will worked on the floor of the Pacific Coast Exchange while earning his Bachelor’s degree in Economics at the University of California, Berkeley. Will proudly serves on the Board of Governors of Boys & Girls Clubs of San Francisco, the Board of Trustees of San Francisco University High School, and is a Senior Member of The Guardsmen, an organization helping at-risk youth by providing scholarships, support, and outdoor education programs to students in the San Francisco Bay Area.
Gregory (‘Greg’) Bond is CEO of Man Numeric, Head of the Americas for Man Group, and lead portfolio manager for Man Group’s flagship multi-strategy fund. He also serves on the Man Group Executive Committee and the Man Numeric Investment Committee. Previously, Greg was director of research at Man Numeric, responsible for research initiatives, including the day-to-day management of Man Numeric’s strategic alpha research team. Before becoming director of research, he was a portfolio manager for various hedge fund strategies at Numeric as well as being co-head of its hedge fund group, having joined in 2003. Greg holds a Bachelor of Arts degree in economics and in biology from Yale University and a Master of Business Administration degree from Harvard Business School.
Dr. Lester Coyle is a Principal and Chief Investment Officer, and he is also the portfolio manager for the III credit and asymmetric funds. Dr. Coyle joined III in February 2005 from Commerzbank where he was U.S. head of credit correlation trading. Prior to that, he worked at Bank One as a single name and correlation trader and as a credit model builder. He holds a PhD in Mathematics from the University of Michigan and a BA in Mathematics from Trinity College, Dublin. Dr. Coyle was also a Mathematics professor at Duke University and Loyola University.
Jens Foehrenbach, CFA, is the President and Co-Chief Investment Officer of Graham Capital Management, L.P. (“Graham”), an alternative investment manager with approximately $20B AUM as of May 1, 2025. Mr. Foehrenbach jointly oversees and supervises Graham’s discretionary and systematic portfolio manager teams, trading, and research, alongside Pablo Calderini, Vice Chairman and Co-Chief Investment Officer. Mr. Foehrenbach is also a member of the firm’s Executive, Investment, and Risk committees. Prior to joining Graham, he worked at Man Group from September 2008 to February 2025, most recently as Head of Public Markets within Discretionary Investments at Man Group. Mr. Foehrenbach has served in several capacities for the Man Group during his tenure at the firm, including Chief Investment Officer of Man Solutions and Chief Investment Officer of Man FRM. Prior to joining Man Group, Mr. Foehrenbach worked at Harcourt Investment Consulting AG as Senior Analyst and Head of Relative Value. Prior to Harcourt Investment Consulting AG, he was employed by UBS AG, where he worked on the bank’s fixed income derivatives trading desk in Switzerland and London. Jens Foehrenbach received a Master’s degree in Business Economics from the University of Basel, Switzerland in 2001.
Claire is a Managing Director in the Equity Derivatives structured sales team at Goldman Sachs where she particularly focuses on volatility RV, risk recycling and cross asset QIS. She joined Goldman Sachs in 2020 and prior to that was holding similar positions at Credit Suisse and Societe Generale.
Alexis Maubourguet is the Founder and Chief Investment Officer of ADAPT Investment Managers. Before establishing ADAPT Investment Managers, Alexis joined Lombard Odier Investment Managers (LOIM) in Geneva in November 2019, where he created the ADAPT strategy. Previously, Alexis served as a Volatility Portfolio Manager at Argentière Capital in Zug for over three years, where he launched and managed the firm’s Relative Value Opportunities fund. Prior to Argentière, he was a Portfolio Manager on the Global Emerging Markets and Macro Fund at BTG Pactual in London. Alexis also brings a decade of experience trading derivatives on the sell-side, having held key roles at JPMorgan and Deutsche Bank in New York and London.
Alexis earned both a Bachelor’s and Master’s degree in Economics and Applied Mathematics from the École Polytechnique in Paris. He also holds a Master’s degree in Mathematics in Finance from New York University’s Courant Institute of Mathematical Sciences. Alexis is a CFA Charterholder.
Kathleen V Oplinger is a director in Equity Derivative Sales within Global Markets at Bank of America and is based in New York. She covers vol-focused, macro and long/short hedge funds for US equity derivative products including everything from vanilla options to exotic, hybrid and delta-one structures. Kathleen joined Bank of America in August 2016 as an analyst in Equity Derivatives and started her career at Société Générale via their apprenticeship program, working part-time on the equity trading floor in Paris while also studying for her master’s degree at Dauphine.
Kathleen was born and raised in Paris, France and attended Dauphine University where she received a bachelor’s degree in economics in 2013 and a master’s degree in financial engineering in 2015.
Sandy Poiré is the Senior Portfolio Manager for the Absolute Return team at the CN Investment Division. In her current role, she is responsible for allocating to external managers for the hedge fund portfolio. Sandy joined the Division in 2011, initially working on the Divisions’ European, Asia-Pacific and Emerging Markets equity portfolios. Sandy graduated from the John Molson School of Business (Concordia University) with a Bachelor of Commerce degree and was the Valedictorian of her graduating class. She also received the Calvin Potter Fellowship from Concordia’s Kenneth Woods Portfolio Management Program. Sandy has been a CFA charterholder since 2014 and completed her Master’s in Business Administration at Queen’s University in 2017. Sandy is the president of the board of CFA Montreal. She is also an ally for FitSpirit, a Quebecbased organization dedicated to encourage teenage girls to stay physically active throughout their lives by creating unforgettable experiences for them.
Razvan joined Aspect Capital in July 2010 and is Director of Investment Solutions. Razvan is a member of Aspect’s Product Design Group and attends Investment Committee meetings. Razvan and his team are an integral part of the product development and research functions at Aspect and they provide quantitative expertise to Aspect’s clients on investment process and the development of new product ideas. Razvan’s primary responsibility is client engagement on matters relating to strategies, products, performance and research. Prior to Aspect, Razvan worked at Skybound Capital, Clear Horizon Capital, and PeregrineQuant (now Vunani Fund Managers) in various quantitative research roles. He graduated with distinctions in Mathematics, Applied Mathematics and Physics from Rhodes University. He holds a BSc (Hons) in Theoretical Physics from Wits University and was awarded an MSc in Financial Mathematics from the University of Cape Town and is a CFA Charter holder.
Nick Smith leads Nasdaq-100 Index Options (NDX®) Sales at Nasdaq working with banks, funds, brokers, platforms and allocators to develop Nasdaq’s proprietary index options business.
Originally from the Yorkshire Dales in England, Nick graduated from Aston Business School in Birmingham, England with Economics first class honors. Nick was active Royal Navy Reservist for 7 years, deployed at sea to the English Channel, Bay of Biscay, Irish Sea, Baltic Sea and Gibraltar. Nick also led his college unit of 50 sailors through military rifle, seamanship, and navigation training.
Initially an analyst and latterly associate at Deutsche Boerse Group in London, Nick relocated to the USA in 2018 joining FIS (Sungard) before returning to Eurex (the derivatives exchange of Deutsche Boerse Group) as VP Sales. Now an American citizen and based in Miami FL, Nick enjoys boat days and plenty of golf.
Dan Stone is one of the co-founders of the Investment Advisor, where he focuses on managing the interest rates, currencies and credit strategies. He has 29 years of experience managing relative value arbitrage and long volatility strategies across multiple asset classes. Mr. Stone was formerly a Managing Director and Portfolio Manager in the U.S. and European Volatility and Credit Arbitrage Group at Highbridge. He joined Highbridge in 1996 where he managed convertible bonds and equity, interest rate and credit derivatives. Mr. Stone earned an AB in Economics Magna cum Laude from Harvard College.
Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, L.P. (“Saba”), a $5.9bn hedge fund focused on credit relative value strategies, based in NYC. Saba was founded in 2009 as a lift-out of the Deutsche Bank (DB) proprietary credit trading group. At Saba, Mr. Weinstein leads a team of 75 professionals.
In 2021, Risk.net named Saba as Hedge Fund of the Year1. Saba’s closed-end fund activism strategy won Activist Hedge Fund Manager of the Year by Institutional Investor in 20232 and 20243.
Previously, Mr. Weinstein worked at DB for eleven years, the last eight years as Managing Director (a title he achieved at age 27). Throughout his career, Mr. Weinstein had responsibility for proprietary trading and market making. In 2008, he became Co-Head of Global Credit Trading, overseeing 650 investment professionals.
Mr. Weinstein graduated from the University of Michigan, with a BA in Philosophy. He became National Master in chess at age 16.
These awards do not constitute an endorsement by the award provider and do not express an opinion or view on Saba’s ability to perform its duties as an investment adviser. Ratings are in no way indicative of an adviser’s future performance, which may vary. Saba did not pay any fees for consideration for these awards.
Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
Cboe Global Markets (Cboe: CBOE), the world’s go-to derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
Deutsche Bank was founded in 1870 to accompany German companies abroad. Today, it is the leading bank in Germany with a strong position in Europe, represented in 56 countries around the world and globally networked. In our Fixed Income and Currencies (FIC) division, we aim to be the trusted risk management partner for our clients on a global scale in terms of market access, liquidity provision, and financing solutions. We’ve combined an experienced institutional and corporate sales team with expertise in trading and structuring across various asset classes. This includes our Quantitative Investment Solutions (QIS) team, which has successfully executed solution-based transactions with institutional investors worldwide over the past decade. Across the FIC business, we continue to refine our client offerings and adapt to market changes, such as increased automation, regulatory updates, and the growing demand for standardized and transparent execution.
As the leading European derivatives exchange and one of the leading clearing houses globally, Eurex provides you with innovative solutions to seamlessly manage risk – being architects of trusted markets characterized by liquidity, efficiency and integrity.
Our vision is to be the globally trusted leading architect of trading, clearing and risk management services. Driving the industry with an extensive offer of innovative products.
Our mission is to create better markets.
Ionic Capital Management® LLC (“Ionic”) is a $3.9 billion New York based alternative asset manager founded in 2006 by Bart Baum and Daniel Stone. Ionic manages multiple private investment vehicles employing different investment strategies including relative value arbitrage, long volatility, and value equity. In addition, Ionic acts as sub-advisor to multiple registered investment funds for which it employs relative value arbitrage and value equity investment strategies. Within the long volatility investment strategies, Ionic focuses on generating negatively correlated returns, with the potential to deliver outsized returns in volatile markets. Ionic utilizes both explicit and imbedded options across asset classes, including equities, interest rates, currencies, commodities and credit in order to construct a portfolio that is typically positive convexity and long volatility.
Man is a global alternatives manager delivering distinctive, tech-enabled investment strategies across public and private markets. We pursue long-term value with relentless curiosity and optimized risk exposures — advancing systematic, discretionary, and solutions capabilities to meet the evolving needs of sophisticated clients.
With $168.6 billion under management and a presence across key global markets, Man brings together deep research, technological innovation, and specialized expertise to help clients achieve their most ambitious goals. Listed on the London Stock Exchange as a FTSE 250 company (EMG.LN), led by a commitment to performance, transparency, and partnership.
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. Included in this offering is Nasdaq’s index options business, consisting of Nasdaq-100® Index Options (NDX®) and Nasdaq-100® Micro Index Options (XND®). These European-style, cash-settled index options provide investors the ability to incorporate the innovative Nasdaq-100® Index into their hedging or risk mitigation strategies. To learn more about the Nasdaq index options offering, visit us at https://www.nasdaq.com/nasdaq-100-index-options
Founded in 1996, Parallax Volatility Advisers is the San Francisco based investment adviser to Parallax Master Fund, L.P. Parallax Master Fund employs a global volatility relative value strategy that incorporates multiple volatility trading strategies being utilized opportunistically. The process identifies trading opportunities by options flow analysis that is supported by qualitative and quantitative evaluation and targets the most attractive risk-adjusted portfolio of volatility exposures in both listed and over-the-counter options on global equities, indexes, ETFs, and commodities. All of our volatility strategies align with our data-driven approach to capturing value through volatility and market dislocation by integrating robust quantitative models and embedded risk modeling with state-of-the-art technology.
III Capital Management (“III” pronounced “triple eye”), together with its affiliates, has been managing investor capital since 1982. Our mission is to work with sophisticated institutional investors and leverage our infrastructure to provide independent, asymmetric, customized investment solutions globally. We regard our clients as trusted partners and hold ourselves to high ethical standards. As of August 1, III manages over $5.2 billion across four primary strategies: fixed income relative value ($1.5B), convexity/tail ($1.5B), long only credit ($1.5B), and long/short credit ($680M). Our investor base is over 90% pensions and endowments with over 90% of assets in managed accounts or funds of one to provide customization and flexibility to clients. The firm is headquartered in Boca Raton, FL with approximately 100 employees; its principals have an average tenure of over 19 years with III.
True Partner Capital is a global asset management firm founded by a team of former options market makers and technology specialists, invests on behalf of a varied global investor base and has a primary focus on equity volatility strategies. The Firm has offices in the US, Europe and Asia and the key personnel have been working together for well over a decade.
Our investment expertise is accessible via commingled funds, separate mandates and customized solutions where we offer tailored volatility solutions, for example for tail risk hedging. The Firm’s longest running commingled fund has an over 13-year track record pursuing the Firm’s relative value volatility strategy. The Firm trades close to 24 hours a day across liquid global derivative markets and leverages proprietary technology developed by our experienced team, enabling the portfolio management team to identify and capitalize on trading opportunities.
Harold is the architect of Transtrend’s Diversified Trend Program, responsible for R&D, portfolio management and trading. Harold was born and raised on a dairy farm in Drenthe. And from a young age, he has been intrigued by linking mathematics to the real world around us.
He graduated in 1990 with a Master’s degree in Applied Mathematics from the University of Twente in the Netherlands. In the final phase of his studies, while working on the project that would later become Transtrend, he became fascinated by the concept of leptokurtosis — or ‘fat tails’ — in probability distributions, a topic which has inspired him throughout his career.
Harold’s approach to markets is best described as a combination of a farmer’s common sense and mathematics, never losing sight of the underlying fundamentals.
