Jay Strohmaier, CFA, Senior Portfolio Manager, presented at the annual Utility Pension Fund Study Group Conference (UPFSG) on April 26th in Scottsdale, AZ.  Mr. Strohmaier discussed the management of beta exposure within Portable Alpha strategies, as well as the concept of a Centralized Exposure Management program for institutional investors. 


Clifton’s Chief Investment Officer, Jack Hansen, CFA, presented at the 26^th Annual Risk Management Conference, sponsored by the Chicago Board Options Exchange, March 7^th through 9^th, 2010.  Mr. Hansen participated in a panel discussion on the fundamentals of employing options within institutional portfolios.  Topics discussed include: Introduction to the VIX Index, VIX futures and options; Options-related strategies; and Practical implementation issues.  Contact us if you would like to obtain a copy of materials following the conference or have interest in discussing risk management through options-based strategies.


Thomas Lee, CFA, Senior Portfolio Manager and Principal, presented at the Societe Generale Pensions & Endowments Conference, held Tuesday, January 26th at the Le Parker Meridien hotel in New York. Mr. Lee participated in a panel discussion on the implementation of risk management strategies. 


Clifton recently added indicative pricing for 10yr Swaptions (options on a 10yr swap) to the Option Overlay Matrix page. Swaptions are typically utilized in interest rate hedging (inflation/deflation) and duration extension applications.  Like the equity option matrices, swaption pricing will be updated each Monday.  View the Option Overlay Matrices for the latest premium pricing data.

Implementing Tail Risk Strategies: Read Clifton's latest white paper which discusses how "tail risk" strategies are defined and a framework for implementing these transactions in a manner that provides the greatest likelihood of achieving an investor's objectives. Please click here to read a copy.

PIOS®
Clifton's Policy Implementation Overlay Service is a comprehensive synthetic index overlay program that seeks to enhance returns, reduce performance risk, and improve information flow through six distinct strategy components that work separately or in concert with one another. PIOS® is an outsourced solution which neither disrupts the underlying managers nor creates leverage.

Enhanced Index Management

Enhanced Equity Management
Investment vehicle utilizing a strategy of combining high grade cash management and equity futures, designed to consistently outperform the S&P 500 Index by 50-100 basis points annually while maintaining return variability that is no greater than the S&P 500 Index.

Enhanced Core Fixed Income Management
Investment vehicle utilizing a strategy of combining high grade short duration fixed income and fixed income futures, designed to consistently outperform the Lehman Brothers Aggregate Index by 50-100 basis points annually and to rank in the top quartile of the core fixed income manager universe.