PANEL 2: INTERESTING TRADE IDEAS AND MARKET OBSERVATIONS
Will Bartlett is the Chief Executive Officer of Parallax Volatility Advisers. Will has been involved with equity options since 1995 and has been with Parallax since 1996. In his more than 20 years at Parallax, Will 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. Parallax manages a complex portfolio of listed and over the counter volatility positions on global equities, indexes, ETFs, and commodity futures. Prior to joining the 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 the Boys and Girls Clubs of San Francisco, the Board of Trustees of Town School for Boys, and is a 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.
Peter joined Man Group as Head of Institutional Hedging in June 2018 from Paloma Partners where he was responsible for managing a global volatility portfolio and a multi-asset tail hedge protection plan. He started his career with Goldman Sachs in Tokyo before moving on to Soros as a volatility PM and then later launching and managing a $400 million volatility hedge fund seeded by Tudor Investment. Peter holds a degree in Accountancy from Wake Forest University and also studied in Japan at Tokai University.
Alexis Maubourguet is the Lead Portfolio Manager for the 1798 ADAPT Fund. He joined LOIM in Geneva in November 2019. Alexis was formerly a Volatility Portfolio Manager at Argentière Capital in Zug for over three years, where he launched and managed their Relative Value Opportunities fund. Prior to Argentière, Alexis was a Portfolio Manager on the Global Emerging Markets and Macro Fund at BTG Pactual in London. Alexis also spent almost a decade trading derivatives on the sell side for JPMorgan and Deutsche Bank in New York and London.
Alexis earned Bachelor’s and Master’s degrees in Economics and Applied Mathematics from the Ecole Polytechnique in Paris, as well as a Master’s degree in Mathematics in Finance from NYU’s Courant Institute of Mathematical Science. He is a CFA Charterholder.
Pav Sethi is the Founder and Chief Investment Officer of Gladius Capital Management, an asset-management firm focusing on derivative strategies and products for institutional clients. Prior to founding Gladius, Mr. Sethi was a Managing Director at Citadel serving as the Global Head of the Volatility Arbitrage Group. He was previously a Portfolio Manager in the Volatility Arbitrage Strategy at J.D. Capital Management and began his career at Morgan Stanley in Europe as an equity derivatives trader.
Mr. Sethi has pioneered a number of novel derivative structures and engaged in multiple landmark transactions. His focus most recently has been on structuring large scale derivatives programs as tools for portfolio allocation and optimization for some of the largest pension and endowment plans in the United States. Previously, Mr. Sethi engaged in some of the earliest risk syndication programs during the early 2002 period and completed some of the first complex volatility based transactions between hedge funds and investment banks.
Pav holds a bachelor’s degree in chemistry from Cornell University and a master’s degree in mathematics from the University of Chicago. He is a Fellow of the 2017 class of the Aspen Finance Leaders Fellowship and a member of the Aspen Global Leadership Network.
Daniel Stone (Principal and Portfolio Manager) – Daniel Stone is one of the co‐founders of Ionic, where he focuses on managing the firm’s interest rate, currency and credit strategies for the Volatility Funds. He has over 22 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 US and European Volatility and Credit Arbitrage Group at Highbridge. He joined Highbridge in 1996 where he traded convertible bonds and equity, interest rate and credit derivatives. Mr. Stone earned an AB in Economics magna cum laude from Harvard College.
Eric Render is a Managing Director of Blue Owl and a member of the Dyal Business Services Platform. Eric has 18 years of industry experience across media, consulting and asset management. He is primarily responsible for managing relationships with institutional investors based on the West Coast, Alaska and Hawaii. Prior to joining Dyal, Eric was a member of Neuberger Berman’s marketing department, focusing on International Equities, Emerging Markets and REITs. Before joining Neuberger Berman in 2007, Eric worked at the U.K. news agency, Adfero, while studying contemporary U.K. politics at the London School of Economics’ Hansard Research Scholars Programme. He has a BA in English from the Pennsylvania State University.