​Current Implied Vol Environment Sees Clouard’s Zentak Reduce Positions

Zentak Capital’s volatility hedge fund, which uses equity options and futures, is reducing positions in the majority of European indices that it trades as part of its systematic strategy that indicates a current unstable implied volatility environment. The fund, which was founded by Benjamin Clouard, the ex-global head of single stock options at Crédit Agricole CIB, returned 0.77% in October despite the significant correction seen in equity markets globally during the month.