PANEL 1: WHAT IS GOING ON IN THE VOLATILITY SPACE? WHAT ARE YOUR EXPECTATIONS FOR THE REST OF 2021 AND BEYOND?
Rishabh “Rish” Bhandari is a Senior Portfolio Manager on the Solutions platform. Rish finds his role challenging, dynamic and stimulating every day and enjoys the opportunity to collaborate internally and work with investors daily in a constantly evolving environment. Rish joined Capstone in 2016 with experience in trading, pricing and risk managing the instruments that are the cornerstone to the Solutions platform. Most recently, Rish worked as Managing Director on the Equity Derivatives desk at Nomura after spending eight years as Head of the Equity Structured Products Trading Desk at Credit Suisse. Rish began his career in similar roles at both Lehman Brothers and Barclays Capital.
Rish received a B.Eng. degree in Electronics from Mumbai University and an M.Sc. in Financial Engineering from Columbia University.
Derek Devens, CFA, joined the firm in 2016. Derek is a Managing Director and Senior Portfolio Manager of the Option Group. Prior to Neuberger Berman, Derek was responsible for both Research and Portfolio Management at Horizon Kinetics. Derek was a member of the Investment Committee and responsible for co-managing the Kinetics Alternative Income Fund and various separate account strategies. Prior to Horizon Kinetics, Derek was a Vice President with Goldman Sachs’ Global Manager Strategies Group where he was responsible for conducting investment manager research. Previously, Derek worked in fixed income portfolio management at both Fischer Francis Trees & Watts as well as Bond Logistix. He received a BS in Civil Engineering from Princeton University and an MBA from New York University. He has been awarded the Chartered Financial Analyst designation.
Mr. Tobias Hekster, Co-Chief Investment Officer of True Partner Capital USA in Chicago, has been actively trading for the past 22 years in various different roles in several markets across the globe. Starting at IMC in 1998 as a pit trader in Amsterdam, Tobias has established the off-floor arbitrage desk, headed the Chicago office in the transition from floor trading to electronic trading and set up the Asian volatility arbitrage desk in Hong Kong. Tobias holds an MSc in Economics and has taught as an Adjunct Associate Professor at the Chinese University of Hong Kong and as an Adjunct Professor of Financial Practice at National Taiwan University.
Pierre de Saab is a Partner and Head of Asset Management at Dominicé & Co – Asset Management. Since joining Dominicé in 2010, Pierre de Saab has significantly contributed to the development of the company’s flagship volatility strategy. Today, he heads the investment team’s research and trading operations, as well as the company’s business development strategy.
Prior to joining Dominicé, Pierre held senior roles at Credit Suisse, as well as UBS in Zurich, London and New York, where he built and led several equity derivatives trading desks. During his career, he gained significant experience in designing risk management and trading systems. He has also developed proprietary trading strategies and innovative derivative products for hedge funds and sophisticated institutional investors.
Pierre earned a Masters in Mathematical Engineering from the Swiss Federal Institute of Technology in Lausanne (EPFL), a Masters in Real Estate from the University of Geneva and an MBA from INSEAD.
Erin is a Vice President in New York working in the Equity Derivatives Sales group covering hedge fund clients. In her role, Erin facilitates flow and structured derivatives transactions for long/short, multi-strategy and volatility funds. Erin is also involved in several mentorship and recruiting initiatives at the firm. She joined Goldman Sachs in 2018.
Prior to joining the firm, Erin worked at Citi from 2007-2018. During the majority of her time there, she covered hedge funds and asset managers within Equity Derivatives. Before that, she worked in the Institutional Equity Sales group and also spent five years working within Citi’s Fixed Income Capital Markets division, primarily working as a member of the Investment Grade Syndicate Desk. Erin earned a BS in Economics and Finance from Niagara University in 2007.