Mike Hodgson, Head of Risk Managed Investments & Structuring, will be responsible for managing the portfolio including the call option
overlay strategy and will be supported by a team of four dedicated structured investment managers.
The fund aims to provide risk-adjusted total return relative to the CBOE S&P 500 BuyWrite Index (BXMSM) by utilizing an actively managed options
overlay strategy on the underlying exchange traded index fund.
A paper written by Brian Roberts, senior consultant at NEPC LLC in Boston, says one of the benefits of a derivative
overlay strategy specific to pension plans is interest rate hedging.
com the ETFs act as an
overlay strategy on the fund's total equity portfolio.
This workflow
overlay strategy produces a secure, dedicated, high-performance work environment for better results, fewer bottlenecks and greatly reduced network lag.
The engineering firm, Hodges and Shutt (now Shutt, Moen and Associates) recommended a new
overlay strategy for the runway.
Its investment adviser, First Trust will be in charge of implementing the fund's option
overlay strategy, supervising its sub-adviser and sub-sub-adviser, managing its business affairs and providing certain clerical, bookkeeping and other administrative services.
In order to more fully hedge and build out LDI from there, there are two doors open: (1) include more long duration bonds as a percent of the total asset pool, or (2) add an
overlay strategy using derivatives.
