2Q Portfolio Update

It’s been a while since we published the last update on our 2Q Portfolio. While we update the live performance numbers each week on our website here, we don’t usually release details on the 2Q Portfolio’s positioning or its return drivers. But, with the third quarter now behind us, we reckon it’s about time [...]

By |2021-10-18T09:03:08+02:00October 17th, 2021|Blog Post|0 Comments

When High Volatility Reduces Risk

Investors do not necessarily lower their risk by reducing the volatility expectation of their returns. That’s because volatility and risk are two very separate matters. When investors are too keen on obtaining a smooth “all weather” return stream, odds are that at some point they will end up with the opposite. That opposite is negative [...]

By |2021-05-19T11:47:37+02:00May 19th, 2021|Blog Post|0 Comments

Options & Volatility – Presentation to Queen’s University

It's been my pleasure to give an introductory presentation/course on options and volatility to a select group of students at Queen's University. Download the slide deck here. Main discussion points: The basics: forward pricing theory, quanto vs. local forwards Alternatives to the Black-Scholes model Skew and term structure Put-Call Parity Sensitivities ("Greeks") The GME [...]

By |2021-04-29T11:14:39+02:00April 28th, 2021|Blog Post|0 Comments

Bitcoin and Ethereum Carbon Footprints – Part 2

As outlined in part 1 of this article, Bitcoin mining uses a lot of power, and because this power isn’t 100% renewable, Bitcoin has a carbon footprint. That’s a fact. A lot of the criticism that’s directed at Bitcoin is based on the assumption that it’s useless. A digital mirage which neither has substance [...]

By |2021-03-29T08:44:24+02:00March 28th, 2021|Blog Post|0 Comments
Go to Top