Andrew King, an Investment Specialist at Deutsche Bank, provides information on the Harvest Collateral Yield Enhancement Strategy (CYES) to Paul. The strategy involves managing a portfolio of short-dated index option spreads on the S&P 500 index to exploit volatility risk premium and time decay properties. It aims to add incremental returns and diversification benefits to existing portfolios without capital outlay, using the portfolio as collateral. The strategy is managed by a team of 15 professionals and has over 5108N in AUM. Risks are detailed on slide 20 of the attached presentation.
doj/DataSet10/EFTA01386014.pdf
{"key_people":["Andrew King","Stew Oldfield","Paul"],"document_type":"correspondence","key_locations":["345 Park Avenue, New York, NY 10154"],"document_subtype":"memo","key_organizations":["Deutsche Bank Securities Inc.","Deutsche Bank Wealth Management","Harvest"],"reference_numbers":["DB-SDNY-0087523","SDNY_GM_00233707","EFTA01386014"]}