VIX, commonly referred to as the “fear gauge”, is frequently used as the measure of equity market volatility. Investors are often interested in the VIX for its negative correlation and ability to hedge tail risk events. Unfortunately the VIX is not investable, and many investors have experienced dissatisfaction with the available tools. This presentation will focus on understanding how to construct cost effective portfolio hedges using VIX based instruments. We will start from the basics of the VIX and its construction, go through the available means of gaining exposure and finish with an in depth discussion of specific strategies to achieve effective tail risk hedging and other volatility strategies.
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Nick Cherney, Co-founder and Chief Investment Officer, VelocityShares
Nick co-founded VelocityShares in 2009. Previously, he worked at Barclays Capital in New York and had product development and management responsibilities for iPath ETNs. Previous to his role with Barclays Capital, Nick was a portfolio manager for iShares at Barclays Global Investors in San Francisco where he managed over $25 billion of ETF assets across asset classes. Prior to that, he was an index research analyst at Barclays Global Investors. Nick holds a BA with Highest Honors in Economics from UC Berkeley and is a Chartered Financial Analyst (CFA).
VelocityShares creates exchange traded products (ETPs) for sophisticated traders. Our focus is to provide unique instruments to assist traders in managing their market views, risks, or desired exposures. Our goal is to be the leader in creating trading-oriented exchange traded products for the institutional market. Our team has significant experience on both the buy-side and sell-side of the financial markets. Employing that combined knowledge and insight enables us to develop and deliver innovative products.
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Event Details
| Event Title | Applied Volatility: Implementation Using Exchange Traded Products |
| Start Date | October 12, 2011 |
| Start Time | 06:30 p.m. |
| End Time | 09:00 p.m. |
| Event Overview | Risk Management: Overview of volatility investing/pitfalls and effective tail risk hedging strategies. |
| Location | Stamford Marriott |
| Address | 243 Tresser Boulevard |
| City, State, Zip | Stamford, Connecticut, 06901 |
| Country | USA |
| Speaker | Nick Cherney |
| CE Credits | 1 |
| Member Price | 35 |
| Non-member Price | 45 |
| Candidate Price | 45 |
| Registration | Register though our online registration system here |
| Contact | Safia Mehta, CFA (SCFAS Events Chair); events@stamfordcfa.org |