Welcome to the pictures of this year’s Structured Products Europe Awards, which include the winners and their trophies intermingled with photographs of the event. For further information, including the write-ups of each of the 20 awards, please see the links below.
In this year’s Europe Awards pitches, volatility was the overarching theme. Presented in strategy, index or product form - or all of these - volatility was released from its hiding place this year. The reason everyone has been talking about this hidden asset is that it did not behave as expected, so product creators stepped back and worked out what to do next. Part of the reason volatility did not behave in the expected way was down to the creation of so many structured products offering access to the asset class. Ironically, selling the products when volatility fell messed up the market for everyone who had decided not to sell.
This mayhem was concluded with the creation of volatility products that were either stretched across the short- and, at least, medium-term horizons, or just simply based on mean reversion. Whichever the solution, there was a lot to say, and the culmination of all of this activity is a more efficient market in volatility.
Click below for details of the individual awards:
House of the year
The week in Risk.net, May 19-25 2017Receive this by email