Convex Asset Management Utilizes Risk Defined Strategies As Vol Soars

As fear gripped the markets this week and investors reacted to data indicating the U.S. economy is slowing, Noel Smith, managing partner and chief investment officer at Chicago-based Convex Asset Management, said the firm has been opportunistically selling volatility and buying VIX put spreads, as well as selling iron condor options strategies on both the Nasdaq-100 and the S&P 500.