Macro: Equity-Linked Strategies
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Macro: Equity-Linked Strategies

Repeating at No. 2 is Marko Kolanovic and his J.P. Morgan squad of 15.

Marko Kolanovic & team J.P. Morgan


Repeating at No. 2 is Marko Kolanovic and his J.P. Morgan squad of 15. Last November they recommended buying euro/dollar 1.4 puts as a hedge to offset equity risk. The puts had appreciated to more than five times their premium by the time they expired in June, Kolanovic says. Fans also applaud March’s “Global ETF Handbook” for cautioning against holding iPath S&P 500 VIX short-term futures exchange-traded notes over the long term, since they track short-term volatility futures; by late August the ETNs had fallen 14.4 percent, while the Chicago Board of Exchange’s benchmark SPX volatility index had surged 35.3 percent. “Marko provides actionable insights,” commends one buy-sider.


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