Three financial experts will discuss the topic ‘Options for Managing Risk and Yield in a Low Interest-rate Environment’ at a panel discussion to be held from 5:00 p.m. to 6:30 p.m. on Tuesday, October 2nd on the fourth floor of the Chicago Board Options Exchange (CBOE), 400 South LaSalle Street, Chicago. The meeting is jointly sponsored by Chicago QWAFAFEW and Chicago PRMIA.
The three panelists will be:
(1) Mr. Scott Maidel, CFA, CAIA, FRM, senior portfolio manager in the equity derivatives group for Russell Investments and co-portfolio manager of the new Russell Strategic Call Overwriting Fund. Russell Investments has more than $150 billion in assets under management and is headquartered in Seattle, WA.
(2) Mr. John Gambla, CFA, FRM, PRM, a Senior Portfolio Manager for the Alternatives and Active Equity Investment Team at First Trust Advisors L.P. John is a portfolio manager for the new First Trust CBOE S&P 500 VIX Tail Hedge Fund (VIXH). First Trust Advisors, L.P. is headquartered in Wheaton, IL and has approximately $56 billion assets under management or supervision as of July 31, 2012.
(3) Mr. Edward McRedmond, Senior VP – Institutional & Portfolio Strategies, Invesco PowerShares, a firm headquartered in Wheaton, IL with franchise assets of over $65 billion that offers more than 140 ETFs, including the PowerShares S&P 500 BuyWrite Portfolio (PBP) and PowerShares S&P 500 Low Volatility Portfolio (SPLV).
Mr. Matt Moran of CBOE will serve as moderator for the meeting.
Trading volume on the U.S. options exchanges rose from 780 million contracts in 2002 to 4.56 billion in 2011, an increase of more than 484%. The notional value of assets in volatility-based exchange-traded products has risen to more than $4 billion since their introduction in 2009.
Here are some of the questions that will be posed to the panelists —
> In light of the fact that recent interest rates were around 1.4% for 5-year CDs and 1.8% for 10-year U.S. Treasury notes, are traditional fixed income instruments now more risky to buy and hold?
> What liquid instruments can now generate strong yields?
> Can investors achieve superior risk-adjusted returns with a strategy involving the writing of index options?
> Can the use of volatility-based instruments help manage the risk of left-tail “black swan” events?
> Has investor interest in lower volatility increased in recent years?
Admission is $10 in advance (or $15 at the door) with snacks and drinks provided.
Please RSVP via
by Friday, September 28th, 2012.