Using derivatives to enhance portfolio returns and optimise risk management amid growing market risks: Volatility, the last cheap asset class
Date: Thursday, 13 February 2020
Venue: TBC, Melbourne
Time: 12:15pm for 12:30pm start – 1:45pm (networking lunch included)
Cost: $15 members; $25 – Affiliated Group Member (CAIA / AIST / Q-Group); $35 – non-members
Presenter: Thomas Ciszewski, Portfolio Analyst, SouthPeak Investment Managment
Equity derivatives and overlays are important tools portfolio managers use for risk management and generating alpha. The session will review strategies and show how derivatives can be used to more effectively express a porfolio manager’s view and reduce risk to their fund.
Recent high and low equity volatility market regimes will also be examined as well as the uncertainty of continued central bank quantitative easing and its potential impact to asset price volatility.
Overview of presentation:
- Equity derivatives and overlays
- Volatility perspectives
- Generating alpha and optimal risk management
- Strategies, structure, and implementation
- Additional considerations
Thomas Ciszewski has vast experience as a derivatives portfolio manager, equity volatility and structured products trader, and equity markets risk manager. He has traded in Australia, Asia, and the US over the last 23 years and has expertise in understanding market liquidity and construction of global markets.
He was most recently head equity trader for Deustche Bank in Sydney and previously was head of Asia single stock flow derivatives for DB in Hong Kong. He started his career as an options floor market maker in New York and Chicago and worked as a buy-side proprietary trader in San Francisco.
He attained a Master of Applied Finance from Macquarie University and holds a Bachelor of Arts in Economics from Vanderbilt University.