Navigating Market Volatility with Alternative Investments: Hedging Strategies for Equities, Fixed Income and Individual Asset Positions
The financial markets during the most recent business cycle have been characterized by historical low levels of volatility, thanks to the coordinated easy money policy championed by the global central banks. The arrival of the Covid-19 pandemic, however, rattled market participants and redirected the focus on portfolio volatility. This symposium will feature a lively discussion on the current usage of various alternative investments to control portfolio volatility including volatility futures, exchange traded products, equity and fixed income options contracts and other derivatives. The diverse panel of industry experts will hone in on the following topics:
- What is risk? Permanent loss of capital or near term volatility?
- Why volatility is important for portfolio management.
- Behavioral benefits of hedging and client management.
- Discussion and critique of diversification using equity and fixed income securities.
- Product examples of equity volatility and fixed income volatility management.
- Cost of hedging. Is it worth it?
Eugene Gaysinskiy | Eugene Gaysinskiy is Head of QIS Structuring for the US at Barclays Bank. He is responsible for the development of quantitative investment strategies across asset classes, including beta, smart beta, alternative risk premium and tail hedging categories. As part of this role, Eugene works closely with clients to identify and create investments that are tailored to their portfolio. Eugene joined Barclays in 2008. He holds a Bachelor of Science in Information Systems with an additional major in Statistics from Carnegie Mellon University. Back To Top ^^
Michael Buckius, CFA | Michael Buckius joined Gateway Investment Advisers, LLC in 1999 and is currently the firm’s Chief Investment Officer, President and a member of the Board of Managers. Mr. Buckius also serves as a co-portfolio manager for several mutual funds advised or sub-advised by the firm, in addition to the firm’s separate account strategies. As Chief Investment Officer, Mr. Buckius oversees the firm’s investment management and trading functions, as well as product development and servicing individual client relationships. Prior to joining Gateway, Mr. Buckius was an equity derivative sales professional at Bear Stearns & Co. and Bankers Trust Company in New York where he specialized in the design and implementation of hedging and monetization strategies for corporations and high-net-worth individuals. Previously, Mr. Buckius held a variety of option-related research and trading positions at Alex. Brown & Sons Inc. in Baltimore. Mr. Buckius earned his BA and MBA in Finance from Loyola University Maryland and is a CFA® charterholder. Back To Top ^^
Meb Faber | Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria’s ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology. Back To Top ^^
Stephen Solaka | Co-founder of Belmont Capital Group, Stephen Solaka has more than 20 years of experience in equity risk management, options, and portfolio management. Prior to founding Belmont, Stephen worked as a Director at Dorchester Capital Advisors, an advisor at UBS Private Wealth Management, and Vice President of Equity Derivatives at TD Options. He also held equity, ETF, and index option market-making positions at Bear Wagner Specialists and Ronin Capital. Stephen was formerly a member of the Chicago Board Options Exchange, Chicago Board of Trade, and American Stock Exchange. He holds a B.A. in Finance from the Eli Broad College of Business at Michigan State University, and is frequently quoted by Barron’s, The Wall Street Journal, and Bloomberg for his knowledge regarding options and hedging. Back To Top ^^
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Allen Kim, CFA
|As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1 credit hour. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.|