February 25th, 2013


The 2013 Global Volatility Summit took place on February 25 at 82 Mercer Street in SoHo, New York City. The event featured two panels with investment representatives from the ten sponsoring volatility and tail hedging managers, a panel consisting of corporate pension, public pension, and endowment decision makers, as well as a panel of well-known hedge fund consultants.

The theme of the event was strategic decision making, as represented by popular strategic games, and how it applies to volatility trading. Sal Khan (Founder of the Khan Academy) was the keynote speaker. Mr. Khan gave an exciting presentation on the innovative work the Khan Academy is doing to transform the learning process into a digital experience. Finally, Mike Edleson (Chief Risk Officer, University of Chicago) followed up on his tail hedge presentation from the year prior to comment on the implementation of a tail hedge. The event concluded with a cocktail networking session strategies.

The 2013 Global Volatility Summit: Agenda

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Morning Session

8:15 AM - 9:30 AM
Registration, breakfast & opportunity to visit manager bungalows
Volatility 101 Breakfast session
Master of Ceremonies:
  • Jim Radecki Managing Director, Global Co-Head of Goldman Sachs Prime Services Clearing, & Midwest Regional Sales Manager for GS Prime Services,  Goldman Sachs
9:45 AM - 10:45 AM
Panel 1: What is the best trade opportunity in Volatility this year?
Panelists: Moderator:
  • Peter Selman Co-head of Americas Equities Trading and Global Equity Derivatives Trading,  Goldman Sachs
11:15 AM - 12:15 PM
Keynote Speaker:

Afternoon Session

1:15 PM - 2:00 PM
Panel 2: Have Tail Hedge Managers performed as expected?
  • Paul Britton Chief Executive Officer,  Capstone Investment Advisors
  • Andrew Wong Co-Chief Investment Officer, Member of the Fortress Liquid Markets Risk Committee,  Fortress Convex Strategies Group
  • Daniel Stone Principal & Portfolio Manager,  Ionic Capital Management
  • John-Mark Piampiano Portfolio Manager, Global Volatility,  Pine River Capital Management
2:40 PM - 3:10 PM
Coffee break & opportunity to visit manager bungalows

Sponsored by Macro Risk Advisors

4:05 PM - 5:00 PM
Panel 4: Volatility as an Asset Class; In Search of Non Correlated Returns
  • Claire Smith Research Analyst/Partner,  Albourne Partners, Ltd.
  • Samuel “Q” Belk Director of Diversifying Investments,  Cambridge Associates
  • Chris Moore Senior Vice President and Chief Investment Officer,  Summit Strategies Group
  • Kevin Lenaghan Strategy Head for Multi-Strategy and Arbitrage Funds,  Cliffwater LLC
5:00 PM
Cocktail Reception

Sponsored by Tradition