Christopher Cole, CFA
October 16, 2015
Managing Partner at Artemis Capital Management LP

Volatility and the Allegory of the Prisoner’s Dilemma

False Peace , Moral Hazard , and Shadow Convexity

Artemis is pleased to release   our latest research paper :  “Volatility and the Allegory of the Prisoner’s Dilemma: False Peace, Moral Hazard, and Shadow Convexity”    explores conceptual ideas of convexity  and self-reflexivity  in modern markets with a specific focus on equity volatility  and tail risk hedging . The paper utilizes data going back hundreds of years in addition to drawing from disciplines in the worlds of quantitative finance, art, cinema, and literature to communicate an investment ideology and provide actionable ideas in today’s markets.

We’ve appreciated the strong response to previous research papers and hope that the recent report is thought provoking and useful.

The white paper can be accessed below or at the following link:

http://hvst.co/1Luj8yW 

Artemis Capital Management L.P.  is an investment management and research firm that employs systematic, quantitative, and behavioral based trading models to generate returns from market volatility . The flagship Artemis Vega Fund L.P.  seeks to generate crisis-alpha  from volatility derivatives and profit from periods of volatility dislocation and systemic crisis .

Artemis is intended to provide exposure to the left and right sides of the return distribution that, when combined with traditional asset beta, can improve the risk adjusted performance of an institutional portfolio. Artemis Capital Management L.P.  and Artemis Capital Advisers L.P.  were founded and associated portfolios managed by Christopher Cole, CFA.  Artemis currently offers participation in the Artemis Vega Fund L.P.  and institutional managed accounts to qualified investors.

Artemis Capital Management LP

Artemis Vega Fund LP

512-467-4735  phone | 917-434-0106  cell | 512-649-1312  fax

info@artemiscm.com

98 San Jacinto, Suite 370

Austin, TX 78701

Artemis

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