Enterprising Investor
Practical analysis for investment professionals

Bud Haslett, CFA

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7 Posts

Biography

Bud Haslett, CFA, is executive director of the Research Foundation of CFA Institute and head of risk management and derivatives. Previously, he served as director of option analytics at Miller Tabak + Co., LLC, and as CEO of Miller Tabak Capital Management. Haslett also spent two decades on the options trading floor, where he managed portfolios of stocks and options. He also served as a board member of CFA Society New York, chair of the board of regents for the Financial Analysts Seminar, and president of the CFA Society Philadelphia. Haslett was an active volunteer for CFA Institute, having served in a variety of capacities, including as a CFA exam grader and member of the Council of Examiners. He has also taught coursework on options at New York University, Johns Hopkins University, and Rutgers. Haslett is the founding chairman of the derivatives committee for CFA Society New York and is a member of the Institutional Investor Advisory Committee for the Chicago Board Options Exchange. He has conducted option presentations and workshops at more than 50 CFA Institute societies. Haslett holds master’s degrees from the University of Pennsylvania and Drexel University, and he has earned the Financial Risk Manager designation. Topical Expertise: Derivatives · Risk Management

Author's Posts
The Use, Misuse, and Abuse of Derivatives

Bloomberg's head of quantitative research delivered guidance on how to extract value and avoid pain from the intricacies of the derivatives market.

Take 15: Pension Finance with Barton Waring (Video)

Defined benefit plans are in a state of crisis as accrued liabilities are expanding, resulting in companies struggling to pay for the increased funding costs. Learn ways that these defined benefit funds can be modified to provide adequate benefits for employees and acceptable cost for employers.

Derivatives Roundup: Volatility Trading – Is it the Holy Grail?

Could it be that the Holy Grail has been spotted at the recent Chicago Board Options Exchange (CBOE) Risk Management Conference? Well not quite, but there was much… READ MORE ›

Derivatives Roundup: Simple, But Not Simpler

Could the derivatives market finally be listening to Albert Einstein? As you may recall, Einstein famously stated, “Make everything as simple as possible, but not simpler,” and according to the Reuters article "Simple Options Thrive in Risky World," that is exactly what is happening. Simple, plain vanilla options that hedge risk are beating out the more exotic, custom-designed option structures.

Write or Wrong: A Flat Market Doesn’t Mean Flat Returns

The world is flat, or so people thought, until enterprising Greek philosophers challenged the notion in the 6th century BC. More than 2,000 years later, Ferdinand Magellan made a practical demonstration of that fact when he circumnavigated the globe. Although stocks in 2011 sailed through periods of sunshine, wind, and rain, many equities markets ended up flat just the same. Nonetheless, some investors proved that it is possible to make money in this market — and they did so writing covered calls.

Derivatives Roundup

As you are aware, the derivatives markets never sleep. There is always something going on. Following a year of turmoil concerning regulation and the use/misuse of derivatives, many stories from this rapidly growing segment of the investment industry warrant your attention.

Take 15: Ethics in Investment Management

Industry expert Marianne M. Jennings discusses the ethical issues present in the financial crisis including the seven signs of ethical collapse, cross-cultural differences in ethics, and what universities can do to promote ethical behavior.



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