David has over 30 years’ experience of managing risk across global markets. David is the CIO of Singapore-based Convex strategies – which focuses on risk management including protecting against dislocations in asset markets. Prior to launching Convex Strategies, he served as a Managing Director and Portfolio Manager at Artradis Fund Management in Singapore. Earlier in his career, David built and ran Asian and Global EM trading businesses for RBS (ABN AMRO Group), Bankers Trust and Bank of America. David holds an MBA from University of California, Berkeley. He currently sits on the Monetary Authority of Singapore Markets Committee (SFEMC). In this podcast we discuss:
The confusion between measuring risk and managing risk
The problem with value-at-risk and defining risk
What is convexity
Why buying options is not ‘expensive’
Importance of compound returns over arithmetic returns
How to think about ergodicity
Why allocation to bonds don’t provide the right downside protection
Getting your defense right, insurance and long vol strategies
The role of central banks in shifting equity-bond correlations
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
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