The Kid who Kaptures Kurtosis with Kris Sidial of Ambrus Group
Our guest this episode has quickly become one of the must follows on FinTwit with his mixture of motivational messaging and market savvy. Kris Sidial is the Co-CIO of The Ambrus Group, a volatility arbitrage fund that focuses on statistical outliers in the U.S equity derivatives space. But he’s no kid, despite his bio touting his 28yr oldness, having worked on exotic options desk, prop firms, and now his own hedge fund. Kris and Jeff dive into growing up on the other side of the tracks, market microstructure, whether you can outwork others in the quant space, the belly of the vol trade, gamma hedging, GME, NYC, LIU, Penn, flow, father’s day without a dad, liquidity cascades, options books (the positions), and options books (the actual reading type books). Don’t miss this great chat with one of the good guys in this space.
Chapters:
00:00-02:49=Intro
02:50-16:24=Rough Route to Wall Street
16:25-23:03=Break-through
23:04-33:12=The Exotics Desk
33:13-45:38=Starting Ambrus
45:39-52:40=Covering the Bleed & Capped vs Uncapped
52:41-01:03:04=Finding Value in Volatility/Buying the Wings
01:03:05-01:11:39=A Shift in Dealer Hedging & Loving the Game
01:11:40-01:17:54=Favorites
Follow Kris (@Ksidiii) on Twitter and get more information on the funds at Ambrus Group here.
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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
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