New York hedge fund Alphabet Management has added a top volatility options trader.
Jeremy Wien has spent the past three years as head of VIX options trading at Société Générale, which was the biggest trader of Chicago Board Options Exchange Volatility Index contracts last year. Wien joined SocGen in 2007 from Goldman Sachs to set up the VIX trading desk.
He joins about 20 equity options and volatility arbitrage traders at Alphabet, which manages $140 million, Bloomberg News reports.
“I have a new and exciting opportunity,” Wien told clients in an e-mail yesterday. “I am looking forward to a new set of challenges.”