​Assenagon’s Danon On E.U. Autos, Russell Vol, U.S./Europe Relative Value In 2016

The decline in oil prices, China’s ‘Black Monday’ and the Volkswagen emissions scandal drove a pickup in ticket sizes in allocations to funds with a long-volatility bias during the second half of 2015 as vol spiked higher. Daniel Danon, a volatility portfolio manager at Assenagon Asset Management in Munich, talks to Rob McGlinchey on trading opportunities in 2016 surrounding the Russell 2000, European autos and banks, and the spread between Europe and the U.S. as the market stands on the cusp of a higher volatility regime.