volatility arbitrage

"It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change, that lives within the means available and works cooperatively against common threats."Charles Darwin Consider that the capital markets are like an evolving ecosystem wherein the players - from market makers to hedge funds to the largest asset managers, among others - are like various species of creature. Depending on environment conditions and levels of adaptability, some species thrive and some don't... On the extinction front, just today Bloomberg reported that York Capital Management's founder, Jamie Dinan, announced that he would be existing the firm's hedge fund strategies thus joining other high-profile hedge fund exits for the year, including John Paulson of Paulson & Co and Louis Bacon of Moore Capital Management and a growing list of legends and luminaries who have already retreated from the hedge fund business. In parallel, this event strengthens Alphacution's core thesis about the finite capacity of alpha, the [...]