When Volatility Markets Changed

Published on
June 25th, 2019
62 minutes

The Market Can Remain Irrational Longer Than You Can Remain Solvent

When Volatility Markets Changed

The Interview ·
Featuring Benn Eifert

Published on: June 25th, 2019 • Duration: 62 minutes

Benn Eifert, CIO of QVR Advisors, sits down with Michael Green of Thiel Macro to reveal the massive psychological change that took place in the volatility markets in 2012. After the 2008 financial crisis, tail-risk hedge funds saw a large influx of capital - in 2012 that capital allocation flipped. Eifert explains how short-volatility strategies started exploiting volatility risk-premium to enhance portfolio yield and what that shift means for the future of volatility markets. Filmed on May 22, 2019 at the EQDerivatives conference in Las Vegas.