A central principle in investment theory claims that it is necessary to undertake risk to obtain return. An asset’s volatility quantifies one key dimension of its risk. Naturally, many tools have been established to help mitigate market volatility. In our recent Investment Research, Dynamic Volatility Targeting, we examined different approaches to stabilize volatility—via derivatives and via asset allocation—highlighting their advantages and drawbacks. Please join Stephen Marra, Portfolio Manager/Analyst on Lazard’s Multi Asset team, as he discusses the investment implications of volatility targeting solutions.

Featured Speaker

Stephen Marra, CFA

Director, Portfolio Manager/Analyst

Stephen Marra is a Director and Portfolio Manager/Analyst on the Lazard Multi Asset team, specializing in strategy research. Prior to joining the Multi Asset investment team, Stephen worked in Settlements, Fixed Income Risk and Quantitative Technology where he helped design and develop Lazard's proprietary trading and risk management systems. He began working in the investment field in 1999 upon joining Lazard. Steve has a BS in Biology from Cornell University.