36 South’s Rich Haworth: Pricing Future Volatility

At the outset, any thought about future volatility is essentially meaningless. Volatility occurs when something unexpected appears on the horizon. If the event was known it would already be reflected in the asset value and the adjusted price would reflect no volatility. So what do we think about the PRICE of volatility in the future? On this notion we are on more certain ground. We can say with some confidence whether a price is cheap or expensive but we cannot predict whether a position will pay off. EQDerivatives has published a special report: ‘Global Perspectives & Outlooks’, which reports on the latest flow trends and strategies in equity and vol globally. The report features contributions from 36 South’s Rich Haworth and other fund managers, and also includes the latest buyside coverage from EQDerivatives.