Join Us For Lunch with Seth Weingram
|Topic||Crash Risk: Hedgers vs. Harvesters|
|Date||Thursday, October 24, 2019|
|Time||11:30am – 1:00pm|
|Location||The University of Texas Club
2108 Robert Dedman Drive
Austin, TX 78712
|Speaker||Seth Weingram, Ph.D., Senior Vice President, Director, Client Advisory, Acadian Asset Management|
Crash Risk: Hedgers vs. Harvesters
Crashes are regular features of markets, and they can have a dramatic impact on long-term total returns. Even so, surprisingly few investors explicitly factor crash risk into the design of their portfolios. In this presentation, we compare prevalent approaches to reducing crash exposure, contrasting their unique benefits, hidden risks, and relative efficiency. We show how crash risk may be concealed in alternatives and private market strategies, and we consider how premium harvesters may underwrite such risk more efficiently and transparently.
Seth Weingram, Ph.D.
Senior Vice President, Director, Client Advisory
Acadian Asset Management
Seth heads Acadian’s Client Advisory function, which is closely aligned with both the Investment Team and the Global Client Group. Prior to joining Acadian in 2014, Seth was a managing director in Equity Derivatives Trading at UBS. Previously, he was a researcher at Barclays Global Investors, focusing on options and volatility. He also helped to establish and later ran Deutsche Bank’s award-winning Equity Derivatives Strategy Group. Seth holds a Ph.D. in economics from Stanford University and a B.A. in economics from the University of Chicago.
– 20 years of professional experience
– Ph.D. in economics from Stanford University
– B.A. in economics from University of Chicago