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The team believes that our secured options suite of products provides an efficient exposure to the volatility risk premium (VRP), also known as the insurance risk premium.  This unique source of return may enhance traditional asset allocations by diversifying how investors are compensated for risk.

Portfolio Management Team

Frequently Asked Questions

What is the Volatility Risk Premium (VRP)?
Volatility Risk Premium (VRP) is compensation to an investor for bearing risk related to sudden spikes in market volatility, which tend to coincide with market declines. This risk premium is believed to arise from the behavioral bias known as risk or loss aversion, which suggests that investors are willing to sacrifice a small, but certain amount of return to remove the risk of a larger uncertain loss. We believe strategies that use options to capture the VRP can generate returns with low correlation to traditional assets and expand the benefits of diversification. Our VRP focused suite of products are designed to balance upside and downside exposure. With deep options experience over multiple market cycles, our derivative strategies offer passive exposure to the underlying index through an actively managed option selection process.


This website is for informational purposes only and is not a solicitation for any product or service. GIM products are actively managed and their characteristics will vary. All investment has risk, including the risk of loss of principal. There can be no assurance that efforts to manage risk or to achieve any articulated investment objective will be successful. An investor should consider investment objectives, risks, charges and expenses carefully before investing. For additional information regarding risks and about the firm, please refer to Related Literature and Disclosures.