Equity markets tend to go up over time, so we remain always invested.
Equity markets experience unpredictable periods of major volatility, so we remain always hedged.
A hedged diversified portfolio is superior to a diversified portfolio over time.
Considerable research supports the value institutions can derive from the use of option-based strategies to improve risk-adjusted returns.
Launched in 1997, our hedging and options strategies seek to address market risk and smooth return streams across market cycles.
In an industry in search of ‘non-correlation’, we use put options, an inversely correlated asset, to protect the portfolio.