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BERRUGA: We think it’s a great solution for clients that are looking for two things, either income or like a riskmanagement tool to play the volatile environment that we have seen in the markets. Bob Bragg is my audio engineer. Atika Valbrun is my project manager. You also have an S&P 500 Covered Call.
And we’ve talked about whether we go deeper on existing strategies, we build new businesses, we find somebody who can help him more as almost a co-CIO with riskmanagement, with the investment process. They built their infrastructure, riskmanagement, and hired great PMs to lead these businesses.
It was derivatives math, it was like working with the traders on like riskmanagement. You were saying that you had a code of ethics, but then your CEO was sexually harassing people. My audio engineer is Meredith Frank. Atika Val is our project manager. Likehe went in doubt, do it the right way.
So, the Portfolio Solutions Group advises mainly institutional clients on all kinds of challenges that they have and thinking about the expected returns, portfolio construction, riskmanagement, et cetera. And then, most importantly, I do love his ethical antenna and his kind of truth-telling obsession that he has.
So I I, I started off in that, but I mainly learned that I didn’t really wanna do investment banking because it didn’t hit on my core skillset, which was like engineering back down quantitative techniques and tools. So that is a big focus and if you think about what riskmanagers would do at a casino, it’s the same thing.
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