The Fruits of a Diversified Approach
Why would anyone want to hold positions through a CTA trend program, when they can have the same positions through investments with more specialized managers instead?
Educational Resources
Newsletters and Updates
Research, insights, and thought leadership from the GVS community.
GVS brings together volatility and tail hedge managers, institutional investors, thought-provoking speakers, and other industry experts to discuss the volatility markets and the roles volatility strategies can play in institutional investment portfolios. GVS aims to keep investors updated on the volatility markets throughout the year, and educated on innovations within the space. Capstone Investment Advisors has provided the latest piece in the GVS newsletter series.
Disclaimer
These materials are provided by conference participants for informational purposes only and should neither be construed as investment advice nor an offer to sell or the solicitation of any offer to buy any security. You understand that the material made available via this website are the works of individual authors, has been posted with the permission of the conference participant, and does not necessarily represent the views of Summit. No representation or warranty is made concerning the accuracy of any data compiled herein. Summit does not provide tax, legal or accounting advice.
QIS – a Viable Alternative to Volatility Hedge Funds?
The wide range of quantitative investment strategies (“QIS”) fosters competition within volatility investing. We look at the performance of these sell-side products. Not surprisingly, they show great similarity to the buy-side, as know-how travels through the industry. We argue in favor of the QIS suite when targeting a specific risk factor exposure, but favor established funds when it comes to a strategic volatility allocation.
Insights Digital Hub
In–depth insight to navigate complex markets.
Are We Near the Top of the Escalator?
Despite the headwinds of continued rate hikes and growing recession fears, equity markets have risen strongly in 2023 year to date. At the same time, implied volatility has compressed to levels well below long-term averages in major indices such as S&P 500 and the Euro Stoxx 50. In this article, we assess the rally, what may be coming next and how investors can position for different scenarios.
Daily Options
With the EURO STOXX 50® options series (OEXP), market participants can access a range of short-dated options, providing increased flexibility to trade and hedge short-term market fluctuations...
Transaction Cost Analysis for Derivatives
In an environment of increased regulatory scrutiny and fierce competition, Transaction Cost Analysis (TCA) is increasingly important to help firms measure how effectively portfolio orders are being executed. In the derivative space, the TCA concept is fairly new. Due to the nature of a derivative, which is tied to an underlying asset, simple equity style arrival time TCA metrics are not appropriate and often give spurious answers…