In the news

Industry fund seeks volatility overlay mandate

Volatility specialists Triple3 were recently awarded an equity overlay mandate from an industry super fund seeking further downside protection in its international equities portfolio. Read Article

Volatility spikes in bonds and oil markets

Investors may have just been looking in the wrong place however, with data from research house T3 Index showing that the expected volatility from US Treasuries and German Bunds has almost doubled with oil futures showing similar moves. Simon Ho, executive director of T3 Index, said the expected volatility of US and German bond yields had risen in lockstep with each other, as measured by a sharp rally in T3's YLDVOL Treasuries Index and its YLDVOL Bund Index. Read Article

Global Equity Advantage Fund added to Macquarie Wrap

The Grant Samuel Global Equity Advantage Fund has been added as an investment option on the Macquarie Wrap platform, 12 months after the fund was launched to provide investors with a risk managed global equities exposure and following its recent addition to the HUB24 platform. The fund combines the expertise of global equity specialist Epoch Investment Partners’ shareholder yield strategy and Triple3 Partners’ volatility management strategy. Epoch manages the underlying fund while Triple3 manages the options-based volatility overlay that seeks to mitigate the risk of capital loss in the fund. Read Article

Fiscal reform talk buoys equities but spooks bond markets

Mr Ho said the term structure of the Chicago Board of Exchange Volatilty Index, known as the VIX and the go-to gauge for equity market fear, pointed to concerns over the November 8 presidential election. The spread between one and two month futures is 11.4 per cent. This high spread represents the volatility being factored into November's election, he said.  Read Article

ASX ends losing streak but doubts linger

Despite the session's relative calm, volatility in financial markets is likely to stay high until next Thursday, as investors nervously await the latest pronouncement from the Japanese and US central banks, Triple3 Partners portfolio manager Simon Ho said. Read Article

Triple 3 options aim to smooth out volatility

Volatility in investment markets is inevitable and investors need to protect themselves with options, particularly given the low-return environment, according to Triple 3 Partners. Speaking to financialobserver, Triple3 Partners chief executive officer Simon Ho said that effectively managing the downside risks of an equities portfolio could mean the difference between meeting investment objectives and falling behind. Read Article

Emerging manager outperforms market by 35 per cent

Meanwhile, the Triple 3 Volatile Advantage Fund said their success was underpinned "by trading volatility as an asset class".   The firm's chief executive, Simon Ho, said their second point of difference was that they used options to "exclusively" create portfolios as they "deliver the greatest certainty around performance outcomes". Read Article

Bats Global Markets, T3 Index to Launch SPYIX Market Volatility Index

Bats Global Markets (Bats) and T3Index (T3) today announced the launch of the SPYIX (“the Spikes”), an index measuring expected 30-day volatility in the most actively traded security worldwide, the SPDR S&P 500 ETF (SPY).

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Portfolio construction crucial amid volatility

Advisers need to pay more attention to portfolio construction and the role defensive assets play in assisting investors to weather volatile market conditions. In an interview with financialobserver, Triple3 Partners chief executive Simon Ho said as the market was experiencing episodic volatility, some advisers would need to revise their portfolio construction techniques. Read Article

Volatility no harbinger of doom

So what a contained Vix, both here and abroad is telling us, Ho explains, "is that there isn't a humongous amount of demand – and therefore panic – in the market for protection through the options market". Nor are traders betting on a pick up in volatility in the coming month. "If everybody was fretful that this was going to do something like 2008, then everybody would be buying options and volatility would be much higher."Read Article

ASX climbs above 5000 on Bank of Japan decision

The move by Japan's central bank took the markets completely by surprise, Triple 3 Partners director Simon Ho said. "Nobody was expecting them to contemplate negative rates, they were thinking about them for 20 years but they've never done anything about it." The move helped boost bourses around the region, including the Nikkei which rose almost 2 per cent in afternoon trade, but the "sugar rush" wore off during the afternoon.Read Article

Triple 3 rolls out volatility overlay

Volatility specialist Triple 3 has implemented an overlay that will protect investors against market downturns through the use of options. The overlay had been applied to the Epoch Global Equity Shareholder Yield (Unhedged) Fund and the combined strategy, called the Grant Samuel Global Equity Advantage Fund, was launched yesterday.Read Article

Triple3 Volatility Advantage Fund wins Lonsec Innovation award 2015

The Triple3 Volatility Advantage Fund has been named the Lonsec Innovation Award Winner for 2015 at the 13th annual SuperRatings Fund of the Year Awards.The Lonsec Awards highlight and recognise excellence in the industry. To choose the winners Lonsec uses a mix of qualitative and quantitative measures to identify high achieving funds managers and investment products that stand out from their industry peers. Read Article

The 'holy grail' of absolute return

"We’re up one per cent when [the S&P] goes up on average, and up four times as much when it goes down. "This is an absolute return strategy. We make money in up and down markets. But it's heavily weighted to when markets go down – it has a conditional negative correlation. "Every hedge fund in the world tells you that they’re negatively correlated but almost none of them have a profile that looks like that," he said.

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Triple3 fund thrives on volatility

A downturn in quantitative easing will see volatility and risk premiums return to more normal levels, bringing both challenges and opportunities for investors, Triple3 Partners has said. “The winding back of quantitative easing in the United States heralds a significant shift,” Triple3 Partners chief investment officer Simon Ho told financialobserver.

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 Volatile year ahead, warns Triple3

The combination of quantitative easing, increases in global interest rates and falling oil prices are likely to combine to give investors a bumpy ride in 2015, says Triple3 Partners. Considerable volatility and asset movement is probable in the global market, according to Triple3 Partners chief investment officer Simon Ho.

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NMP reveals aim, partners for next series

Connecting end investors with opportunities will be the key focus of the advisers, fund managers and research houses featured in the second season of No More Practice’s The Investment Series. <...> Triple3 Partners executive director Simon Ho, Australian Ethical portfolio manager Andy Gracey and Blue Sky Alternative Investments director Alex McNab would also feature. The series, scheduled to air mid-2015, is comprised of six episodes and is accredited by the FPA for continuing professional development points.

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Taking advantage of volatility

Economic forecasters, sharemarket commentators and crystal ball gazers are busily predicting the directions that sharemarkets will take in 2015. Typically, views are divergent – some see markets reaching record highs, while others take a more pessimistic view. Whatever the direction, all seem to agree on one point – there is likely to be volatility along the way..

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Triple3 added to Macquarie Wrap, others to follow

The Triple3 Volatility Advantage Fund has been added to Macquarie Wrap as the company looks to expand its listing onto other platforms over the next couple of months. The fund, distributed by GSFM, uses a volatility-focused strategy to capture alpha from highly liquid exchange-traded VIX options with the aim of generating long-term absolute returns for investors.

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Triple3 brings volatility trading to bonds

Sydney-based research and investment firm Triple3 has developed an index that will track the volatility of fixed income securities. The launch of the index, YLDVOL, will allow institutional investors to trade volatility as if it was an asset class, much in the same way investors can trade the volatility of equities through the VIX index and its associated derivatives.

Read Article

Featured Posts

    Industry fund seeks volatility overlay mandate

    Volatility specialists Triple3 were recently awarded an equity overlay mandate from an industry super fund seeking further downside protection in its international equities portfolio. Read Article

    Global Equity Advantage Fund added to Macquarie Wrap

    The Grant Samuel Global Equity Advantage Fund has been added as an investment option on the Macquarie Wrap platform, 12 months after the fund was launched to provide investors with a risk managed global equities exposure and following its recent addition to the HUB24 platform. The fund combines the expertise of global equity specialist Epoch Investment Partners’ shareholder yield strategy and Triple3 Partners’ volatility management strategy. Epoch manages the underlying fund while Triple3 manages the options-based volatility overlay that seeks to mitigate the risk of capital loss in the fund. Read Article

    Bats Global Markets, T3 Index to Launch SPYIX Market Volatility Index

    Bats Global Markets (Bats) and T3Index (T3) today announced the launch of the SPYIX (“the Spikes”), an index measuring expected 30-day volatility in the most actively traded security worldwide, the SPDR S&P 500 ETF (SPY).

    Read Article

    Triple 3 rolls out volatility overlay

    Volatility specialist Triple 3 has implemented an overlay that will protect investors against market downturns through the use of options. The overlay had been applied to the Epoch Global Equity Shareholder Yield (Unhedged) Fund and the combined strategy, called the Grant Samuel Global Equity Advantage Fund, was launched yesterday.Read Article

    Triple3 fund thrives on volatility

    A downturn in quantitative easing will see volatility and risk premiums return to more normal levels, bringing both challenges and opportunities for investors, Triple3 Partners has said. “The winding back of quantitative easing in the United States heralds a significant shift,” Triple3 Partners chief investment officer Simon Ho told financialobserver.

    Read Article

    Triple3 brings volatility trading to bonds

    Sydney-based research and investment firm Triple3 has developed an index that will track the volatility of fixed income securities. The launch of the index, YLDVOL, will allow institutional investors to trade volatility as if it was an asset class, much in the same way investors can trade the volatility of equities through the VIX index and its associated derivatives.

    Read Article

    Volatility fund receives recommended rating

    Research house Lonsec has awarded a “Recommended” rating to the Triple3 Partners Volatility Advantage Fund. The Triple3 Volatility Advantage Fund, which is distributed in the Australian market by Grant Samuel Funds Management, aims to generate long-term absolute returns with its volatility-focused strategy to capture alpha from highly liquid exchange-traded VIX options, which are negatively correlated to equities.

    Read Article

    Volatility fund to target retail space

    Grant Samuel Funds Management (GSFM), in partnership with Triple3 Partners, will target financial planners and retail clients with its soon-to-be-launched volatility fund. The investment firm is set to unveil the Triple3 Volatility Advantage Fund to the Australian market next week

    Read Article

    Australian-first VIX based volatility strategy for retail investors

    Grant Samuel Funds Management and Triple3 Partners have formed a partnership that will see Grant Samuel distribute the newly launched Triple3 Volatility Advantage Fund to the Australian market.

    Read Article

    Trading on volatility becomes a profitable niche

    “Because volatility is not well understood or priced, the alpha or risk-adjusted returns you can extract from trading it are strong, persistent, uncorrelated to traditional assets,” Ho alleges.

    A Trade That Bets on Higher Treasury Yields

     

    Simon Ho, Executive Director at Triple 3 Partners is betting on treasury yields to rise. He recommends the TLT Seagull trade, which takes advantage of what he sees as an overvalued bond market

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    Use Options to Protect Your Portfolio

     

    Simon Ho, Executive Director, Triple 3 Partners says global equity markets have been rallying since late last year and it could be time for a pullback in Q2. He recommends a risk-reversal trade for the S&P 500.

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    Investing in volatility is not a trend: Triple 3

     

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    Managing volatility as a new asset class with alpha potential

    Interview with Simon Ho, Executive Director of Triple 3 Partners

    Investor fear

    Triple 3 Partners executive director Simon Ho on market volatility and how it is set to remain at elevated levels for a while yet. 

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    Sharp Falls for the Euro in 2012

     

    Simon Ho, Executive Director, Triple 3 Partners, says the dangers facing the euro zone's financial system are set to worsen adding that 2012 will not be a good year for the euro

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    The Safest Option

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    Don’t wear the costs of tail-risk hedging

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    Options management reduces volatility, but not returns

     

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