Volatility as an Emerging Asset Class: VIX and Beyond
Christopher Cole, Artemis Capital Management
February 9th, 2012
12:00 pm – 1:30 pm
Volatility offers powerful diversification benefits for investors as an alternative asset class improving the risk-adjusted returns of a portfolio. In the 2008 financial crash volatility was one of the only asset classes that did not fail the diversification test. Today the VIX index is ubiquitous in the financial media and there are a growing number of complex retail volatility products and ETFs. Despite the explosion of interest in the VIX the nuances of volatility investing remain largely opaque to many investors. This talk will shed light on volatility as an asset class and how best to utilize the unique nature of variance for portfolio insurance and to generate alpha.
Christopher R. Cole, CFA founded Artemis Capital Management after working in capital markets and investment banking at Merrill Lynch. During his career in investment banking while in both NYC and LA he structured over $6 billion in transactions for many high profile issuers. Mr. Cole has since focused on systematic and quantitative trading of volatility. His research and volatility commentary has been quoted by publications such as the International Financing Review, CFA Magazine,13d research, and Forbes. In April he will be a key speaker at the Global Derivatives Conference in Spain. Mr. Cole is currently the portfolio manager of the Artemis Vega Fund LP. His decision to form a fund came after achieving significant proprietary returns during the 2008 financial crash (confirmed by independent auditor based on AICPA attestation standards).
Time: 12:00 pm – 1:30 pm
509 State Street
Santa Barbara, CA 93101