Deutsche Bank Options Trader Saiers Joins Alphabet Hedge Fund
Thursday, July 15, 2010 : PermalinkBloomberg – Nelson Saiers, a managing director for proprietary derivatives trading at Deutsche Bank AG, left Germany’s biggest lender to work for Alphabet Management LLC, a hedge fund that specializes in options.
Saiers joined New York-based Alphabet this week, according to Jason Adler, a managing member at the hedge fund that has about $170 million in assets. Saiers will lead a group that trades derivatives including options to bet that volatility levels for stocks and other assets worldwide are too high or low in relation to each other, Adler said.
