Keeping You Informed of Industry Changes, News and More

In a special Halloween HiPOS blog edition, we announce that ZEGA executed a new position consisting of a short put spread on the S&P 500 Index (SPX).

This week as the S&P 500 Index again peaked its head above the 3000 level, I received a question about whether they should sell their stocks due to all the talk about potential recessions. I’ve said before many times, predictions of a recessions beginning and end, and most importantly have been flawed and often wrong.

As the 3rd quarter is in the books it is once again time to look at our Hedged Equity Comparison peer review. The table above illustrates the performance for ZEGA’s Buy and Hedge Retirement Strategy against similar strategies in the space.

It has been refreshing lately to turn on the various financial news outlets to find guests speaking about portfolio hedging. Of course this is nothing new for ZEGA.

The triangle symbolizes delta. Delta represents the change in something else and is quite relevant when we talk options. You see, an option’s Delta represents what the change in its price will be due to a 1-point change in the underlying.

With the close of the 2nd quarter of 2019 its time again to review how our Buy and Hedge Master Composite is compared to other managers in the hedged equity space. This includes not only separately managed accounts (SMAs) but also various mutual funds.