​Daily Bulletin: Tuesday Dec. 2

Dec 2, 2014

Standard Life Investments says buying two-year put options on the Eurostoxx 50 is a better manager of equity beta of its absolute return funds than holding short futures positions to based on current volatility levels. Adam Rudd, an investment director in the firm’s multi-asset investment team in Edinburgh, lays out the strategy. Across the pond, a Canadian pension fund is looking to hire internal vol traders to replace allocations to external vol hedge funds. High fees and poor performance are driving the decision. Meanwhile in the listed markets, the VIX saw nice put flow today, while BAC, RIG and USO also saw above average volumes.

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