Cross-Asset Thematic Strategy, Edelscourt

Albert Maass

Albert brings over 30 years of global financial industry experience, with a track record spanning the UK, Americas, and Asia. His expertise covers a wide range of asset classes, managing portfolios that have included hedge funds, reinsurance, credit, and private equity.

Over the course of his career, Albert has worked with leading institutions such as the European Bank for Reconstruction and Development, Nomura International, HVB, and the Central Bank of Chile. He is a certified Financial Risk Manager (FRM) and holds a degree in Business and Economics from the Universidad Católica de Chile.

Cross-Asset Thematic Strategy

Why You Shouldn't Be Selling Penny Options on Bitcoin

Thematic (Sector/Industry)

Since the December peak in Bitcoin price, the crypto-currency volatility has collapsed. 
As risk has come down, does Bitcoin now deserve a larger allocation in our portfolio?
In <a href="https://www.smartkarma.com/insights/the-risk-of-bitcoin" target="_blank">The Risk of Bitcoin</a>, published at the peak of last year's Bitcoin valuations, Pelham Smithers and I argued that based on the available data at the time, Bitcoin could be held on a risk-adjusted way to fit into an asset portfolio, but using risk parity the position should be small (about 4% of the equity allocation), as…

Since the December peak in Bitcoin price, the crypto-currency volatility has collapsed.  
As risk has come down, does Bitcoin now deserve a larger allocation in our portfolio?
In The Risk of Bitcoin, published at the peak of last year's Bitcoin valuations, Pelham Smithers and I argued that based on the available data at the time, Bitcoin could be held on a risk-adjusted way to fit into an asset portfolio, but using risk parity the position should be small (about 4% of the equity allocation), as…

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