​Daily Wrap – Tail Risk Fund Fees Questioned; Investors Eyeing Mean Reversion

We continue our coverage today from the CBOE Risk Management Conference in Geneva. It seems asset allocators are scrutinizing the fee structure of some tail risk funds that benchmark against the performance of a 90% put. In Chicago, the VIX fell nearly 9% points to 24.50, with trading marked by a large volume of calls. Traders noted the volume was largely driven by an investor who rolled from a November to a January structure. Meanwhile, a former BlackRock portfolio manager has joined Tudor Investment Corporation in London, where he will serve as the firm’s senior quantitative researcher. Check out the latest line up additions to our upcoming China derivatives summit this October. Portfolio managers from Capstone Investment Advisors and Mariner Coria will be discussing the topic at the Waldorf Astoria New York on the 29th. The event is co-hosted by the Singapore Exchange and Société Générale.