Most institutions have hedges. Few have a convexity programme.
A practitioner’s guide to building, sizing, and governing one that actually works.
Convexity in Portfolios
read more
Practitioner Papers
Volatility as an Asset
Volatility is a tradeable asset, not just a risk metric.
A framework for pricing, timing, and deploying vol in institutional portfolios.
Options as risk tools
Most institutions that use options understand the payoffs. They don’t understand what they’re actually trading.
This paper reframes options the way a trading desk does – as bundles of specific exposures, each with a cost.
If your hedge isn’t behaving the way you expected, this is why.
Quantitative Investment Strategies
QIS is sold as a strategy. It behaves as a structure.
A practitioner framework for institutional allocators on counterparty risk, cost drag and exit mechanics.
Want to go deeper?
Explore the thinking behind derivatives, hedging, portfolio strategy and the decisions that shape outcomes across financial markets.