​Fulcrum Executes Vol Swaps, As Market Favors Bespoke Trades

Fulcrum Asset Management has transacted its first volatility swap for its discretionary multi-asset funds, trading a Eurostoxx 50 December 2018 volatility swap against a bespoke basket of 30 European single name volatility swaps on a vega neutral basis. The trade comes as bespoke dispersion trades see increased traction, thanks to the recent pickup in implied volatility and correlation.