News & Insights


MAI Named Short Volatility Manager of the Year by EQDerivatives


by The MAI TeamApril.7.2016

MAI Investment Management, a provider of innovative, targeted investment solutions, communication and support to financial advisors and institutions, announced that MAI was named the Short Vol Manager of the Year by EQDerivatives at their Global Equity & Volatility Derivatives Awards 2016 ceremony at the Roosevelt Hotel in New York City.

The evaluation of buyside firms for the Short Vol Manager of the Year Award was determined from market intelligence the EQDerivatives team gathered from Oct. 2014-Oct. 2015. MAI’s Managed Volatility team was selected based on a number of factors including market impact, innovation and performance. Past performance is no guarantee of future results. More information about the awards can be found at http://eqderivatives.com/awards

The Strategy was started in a product offering in 2009 by MAI Capital Management. It is a risk-managed liquid alternative strategy with the specific purpose of lowering equity portfolio volatility. The Strategy is designed to provide durable portfolio income independent of directional equity markets, without an embedded interest rate bet. The Strategy employs a unique option overlay process that is actively managed by MAI investment professionals.


About EQDerivatives

EQDerivatives is a Chicago and London-based meeting and news platform focused on global equity and volatility strategies and participants. EQDerivatives connects equity and volatility derivative buysiders, asset allocators and market makers. The Chicago- and London-based operation runs private meetings and conferences for the sector. It also generates exclusive online Commentary & News for its subscribers. For more details go to http://www.eqderivatives.com/about

Renowned investment institutions feature MAI portfolio managers' white paper-- "Beyond the Covered Call"


by The MAI TeamJuly.31.2015

MAI portfolio managers, Seth Shalov and Kurt Nye, recently published a white paper that examines the art of enhancing a covered call strategy with cash-secured puts. While covered call strategies have captured the attention of investors by producing attractive risk-adjusted returns, an investor who relies solely on covered calls is neither minimizing his costs nor taking advantage of available liquidity. Shalov and Nye explore the potential impact on liquidity, costs, and optionality if a covered call strategy is combined with a cash-secured put strategy.


Beyond the Covered Call is featured on:              



MAI named in Pensions & Investment's "Top-Performing Managers" report


by The MAI TeamMay.14.2015

Pensions & Investments reported that the MAI Energy Infrastructure & MLP Strategy composite performance placed the strategy among the top 10 performing separately managed account (SMA) overall domestic equity strategies for the five year period ending March 31, 2015.

Pensions & Investments Top Performing Managers

MAI Energy Infrastructure & MLP Strategy Performance

 

Source: Data for Pensions & Investments' quarterly top-performing managers report are provided from Morningstar's global separate account & collective investment trust database.  For information on the database, please contact separateaccounts@morningstar.com or call 312-384-4087.

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MLPs

3 Reasons the Recent Growth in Option-Based Funds is Encouraging: "119 Funds, Improved Liquidity, New Products."


by The MAI TeamApril.27.2015

Over the past three years, the number of option-based funds has grown by 56% as indicated in this chart from the CBOE. 

Source:  http://www.cboe.com/rmc/2015/Day-1-Session-2-Black-Szado-projector.pdf

 

We are quite encouraged by this recent trend for the following reasons:

 

1.     119 - 119 funds have been created that are using option strategies as of 2014, up from 10 in the year 2000. 

2.     Improved liquidity - An increase in the number of funds, we think could improve liquidity reducing overall trading costs.

3.     Introduction of new products - With the increased number of "users", we have seen product enhancements (today there are 410 names that offer weekly options compared to 35 names in 2010).  We have frequently discussed the increase in the number of stocks that have weekly options.  The CBOE continues to add additional names meeting the needs of our growing option community.

 

The article "Options Based Funds Outperform with Lower Volatility" by DailyAlts, concludes “option-based strategies have had lower annual standard deviation than Treasurys, the S&P 500, the MSCI EAFE, and the S&P GSCI since 2000.” Link >>

 

 

Please send your questions, comments and feedback to: info@mai.capital. Any statistics mentioned have been obtained from sources we believed to be reliable, but the accuracy and completeness of the information cannot be guaranteed. Any statement non-factual in nature constitutes only current opinion of this author which is subject to change without notice. Neither the information nor any views expressed should be considered as investment advice or constitute as a recommendation to buy or sell any security, strategy or product nor should it be considered as a forecast of future events or a guarantee of future results.

Quick Visual Primer on MLPs


by The MAI TeamApril.14.2015

This is best Master Limited Partnership infographic* we have seen.  It is a snapshot of MLPs, which are engaged in the production, transportation, storage, and processing of natural resources such as oil, natural gas, and natural gas liquids.  Within MLPs, we are focused primarily on midstream MLPs, which are toll-takers with long-term contracts.

*The infographic has been published by Alerian.

For infographic click this link >>

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MLPs

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