​Mid-Weekly: Pension Says Risk Premia Expensive, Vest Launches Options Fund

The latest addition to our conference lineup, Asia EQD Macau, saw a great turnout with a number of excellent panelists delivering their thoughts on the current state of the market. Attendees were treated to panels that included presentations on harvesting risk premia, volatility opportunities in China and Japan and how investors are navigating Abenomics. You can find the presentations on our website. Meanwhile in the U.S., the markets have seen fairly light options volume as investors look to a wall-of-worry on the horizon starting with next month’s U.S. election. Meanwhile, the recent trend of USD/JPY vols becoming elevated despite equity and interest rate vols trending lower is driving portfolio managers to increasingly consider cross-asset spread structures to play the vol dislocation in Japan.