derivatives

Covered call strategies on the S&P/ASX 200 Index can puzzle investors. While the index itself, the S&P/ASX 200, is perfectly familiar, many wonder what is ventured and...

From individual investors all the way to multi-strategy hedge funds, anyone operating in a multi-asset context must be aware of tail risks.

Our fundamental model of Australian swap spreads that we released in December 2021 started the new year well, predicting the early tightening of 10-year swap spreads...

If there is one statistic that has caught Livewire's Hans Lee by surprise of late, it's this: The S&P/ASX 200 VIX has doubled in five months. So how can investors...

Last time I wrote about the current challenge for investors in the face of the potential combination of rising interest rates and falling growth, especially as so...

When you're amid a market decline, you're never quite sure if you're riding out a dip or on the precipice of a deeper downturn. It may not be the next financial...

For investors seeking income, now may be the time to consider systematic option-selling strategies such as a BuyWrite. Current market conditions in the US have rarely...

In previous posts, I’ve discussed our reasoning for why we believe the global economy is in the later stages of the business cycle. The next part of the cycle is a...

Let’s start by reviewing what the yield curve actually is. Consider a range of durations for government notes, for example, you can have 3-month notes, 1-year notes,...

In my last blog, I provided an overview of Vega Capital’s model for identifying and pre-empting recessions in the United States. Last Thursday (at WeWorks Martin...

In my last Livewire post, I commented that The Vega Fund would be looking closely at economic data over the coming months to determine whether it should remain long...

Today I wanted to provide some depth on how we use VIX products to manage risk in The Vega Fund portfolio. As far as we know, we’re the first fund in Australia to...

As Peter Lynch once famously said “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t...