Events Calendar - PSFA Luncheon - Matt Moran, Chicago Board...

Title

PSFA Luncheon - Matt Moran, Chicago Board Options Exchange

Event Description

As investors have struggled to cope with bear markets over the past decade, more attention has been focused on alternative investments and tools that can be used to achieve the goals of managing portfolio risk, increasing income, and enhancing long-term risk-adjusted returns. This presentation discusses a number of risk-management strategies and related benchmark indices, including the protective put, the buy-write, the collateralized put-write, the protective collar, and the use of futures and options on the CBOE Volatility Index (VIX) that measures implied volatility. Twenty-two years of historical data show that certain options-based benchmark indices have generated attractive risk-adjusted returns, with stock-like returns and bond-like volatility. A key source of return for options writers has been a persistence of "overpricing" for index options. The presentation will also review past studies by Duke University, EnnisKnupp, Ibbotson Associates, and Callan Associates, and it will explore the benefits and disadvantages of key options strategies.

Event Type

Society; Educational

Education Topic

Alternative Investments; Derivatives; Portfolio Management; Risk Management

Start Time

7/21/2010 12:00 PM

End Time

7/21/2010 1:30 PM

City

Providence

State/Province

Event Country

Event Region

Americas

Location Info

The Hope Club - www.hopeclub.com

CE Credits

SER Credit

Currency

USD

Member Price

Free

Non-Member Price

Candidate Price

All Day Event

Recurrence

Workspace

Speaker

Mr. Moran is vice president of business development for the Chicago Board Options Exchange (CBOE), where he is responsible for many of the exchange's educational efforts for pension funds, mutual funds, and other institutional investors. Previously, he was trust counsel at Harris Bank and vice president at Chicago Mercantile Exchange. He is an associate editor of The Journal of Trading and is on the advisory boards of the Chartered Alternative Investments Analyst Association and Journal of Indexes. Mr. Moran holds JD and MBA degrees from the University of Illinois.

Registration

Please e-mail me if you would like to attend: matthew.c.weld@ustrust.com

Non-Members = $25

Attachments

Content Type: MyCFA Calendar

Providence Society of Financial Analysts