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VIX Trader Jeremy Wien Joining Och-Ziff Group

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A competitive poker player and JPMorgan Chase & Co. head of VIX trading Jeremy Wien, according to Bloomberg News, is joining hedge fund Och-Ziff Capital Management Group LLC. The VIX measures the cost of using options as insurance against declines in the S&P 500, the benchmark measure of American equities.

Jeremy Wien, 29, thanked his JPMorgan colleagues for the two-year experience. “I also appreciate greatly all of your advice and encouragement regarding the best ways to lose a few pounds as well as to improve my fashion sense,” Jeremy Wien wrote. “Rest assured that while I haven’t necessarily heeded any of that advice to date, I assure you that I will at some point,” he said.

A spokesman for Och-Ziff, Jonathan Gasthalter, and Brian Marchiony of New York-based JPMorgan Chase both declined to comment on Jeremy Wien’s move, according to a report by Bloomberg News. Bloomberg has also reported that, the VIX is also known as the “fear index” because it is a measure of volatility in the Standard & Poor’s 500 Index. It moves in the opposite direction of the benchmark around 80 percent of the time, and it has gained popularity in recent years as a way to hedge equity investments.

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VIX Trader Jeremy Wien Joining Och-Ziff Group by

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Jaan Posted by on May 5, 2014. Filed under Business News,Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

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