The Global Volatility Summit is the premier annual conference uniting 400+ hedge fund managers, institutional investors, and industry leaders for an unparalleled day of insight into volatility and derivatives markets.

17th Annual

Global Volatility Summit

New York

Hall Des Lumières, New York
Save the Date

Days
Hours
Minutes
Seconds
17

Years Running

300+

Senior Attendees

$35T+

AUM Represented

12+

Presenting Managers

2026 Event Schedule

Event Agenda


8:15 9:15 AM
Breakfast and Registration
9:15 9:45 AM
Opening Remarks
9:45 10:45 AM
Managing Portfolio Outcomes in an Uncertain World

Institutional investors face a complex landscape: elevated valuations, geopolitical instability, shifting monetary policy, and evolving market correlations. This allocator-focused panel explores how leading institutional investors are rethinking portfolio construction to achieve desired outcomes—whether that’s capital preservation, income generation, or risk-adjusted growth. Panelists will share their frameworks for navigating uncertainty, the role of alternatives and hedging strategies, and how they’re balancing conviction with flexibility in today’s environment.

Allocator Panel
10:45 11:30 AM
Diversification 3.0: Expanding Role of Multi Strats in Institutional Portfolios

Multi-strategy funds have evolved from niche alternatives to core portfolio building blocks for institutional investors. This panel explores how allocators are integrating multi-strat mandates into their portfolios, the diversification benefits they provide in today’s environment, and the operational and structural considerations that come with these allocations. Panelists will discuss how multi-strats fit alongside traditional hedge fund and long-only exposures in the pursuit of uncorrelated returns.

Panel Discussion
11:30 12:00 PM
Networking and Manager Bungalow Sessions
12:00 1:00 PM
Lunch
1:00 1:45 PM
Trade Ideas: In Search of the Next Volmageddon

Volatility dislocations create both risk and opportunity. This panel will discuss live trade ideas and positioning strategies designed to capitalize on—or protect against—the next major volatility event. Drawing lessons from past shocks, panelists will explore current market structures, crowded trades, and potential catalysts for the next blow-up. Expect a candid, tactical conversation about where the next volatility opportunity (or landmine) might be hiding.

Panel Discussion
1:45 2:30 PM
Volatility: Convexity, Dispersion, and Other Applications

Volatility is more than a risk metric—it’s a tradable asset class with diverse applications across portfolios. This panel examines advanced volatility strategies, including convexity plays that thrive in tail events, dispersion trades that exploit index vs. single-stock vol dynamics, and emerging approaches to volatility arbitrage. Panelists will discuss how these strategies are being deployed by hedge funds and institutional investors and how to navigate the evolving volatility landscape.

Panel Discussion
2:30 3:15 PM
Networking and Manager Bungalow Sessions
3:15 4:00 PM
Fireside Chat: Lloyd Blankfein
4:00 4:45 PM
Translating Exploding Option Volume into Opportunity

Options volume has surged to record levels, driven by retail participation, systematic strategies, and increased hedging demand. For banks and market makers, this explosion in activity presents both challenges and opportunities. This panel features senior leaders from major banks discussing how they’re adapting their trading, risk management, and client service models to capitalize on the options boom. Topics include flow monetization, technology infrastructure, regulatory considerations, and how banks are positioning themselves as the options market continues to evolve.

Bank Panel
4:45 6:00 PM
Cocktail Reception
About GVS

About GVS


Through its annual conference series and ongoing communications, the Global Volatility Summit (GVS) unites hedge fund managers and industry leaders to provide educational resources around volatility and derivatives markets to the investor community.

In the early 2000s, institutional investors increasingly focused on exploring the benefits of options and volatility strategies for their portfolios, yet accessible information was scarce. In response, Paul Britton, Founder and Chief Executive Officer of Capstone Investment Advisors, conceptualized the inaugural GVS in 2009, bringing together a few hedge fund managers and industry experts to engage directly with the investor community.

Today, the initial mission remains: to provide educational resources about volatility and derivatives markets to institutional investors. The event has grown in size and scope, expanding internationally in 2017 with the launch of GVS Tokyo.

Each year, the GVS New York event hosts over a dozen managers and about 300 attendees, bringing together senior investment professionals from public and private pension funds, insurance companies, endowments and foundations, consultants, and family offices, representing over $35 trillion1 in assets under management.

  1. Data compiled from GVS attendance records (2022-2025), with estimated assets under management.
Full-Day Conference

Full-Day Conference

An immersive program featuring keynotes, panels, and networking across a single power-packed day.

Curated Speakers

Curated Speakers

20+ top-tier managers and industry leaders sharing proprietary insights on volatility strategies.

Global Reach

Global Reach

300+ attendees representing pension funds, endowments, insurers, and consultants with $35T+ in AUM.

Educational Resources

Educational Resources

Year-round access to research papers, newsletters, and thought leadership from world-class contributors.

2026 Event Speakers

Industry Leaders Taking the Stage


Keynote Speaker

Lloyd Blankfein

Goldman Sachs

Will Bartlett

Parallax Volatility Advisers

Greg Bond

Man Numeric

Paul Britton

Capstone Investment Advisors

Dr. Lester Coyle

III Capital Management

Peter van Dooijeweert

Capstone Investment Advisors

Jason Goldberg

Capstone Investment Advisors

Dr. Chris Jones

Graham Capital Management

Nick Smith

Nasdaq

Dan Stone

Ionic Capital Management

Matt Tonelli

Capstone Investment Advisors

Mrinal Vikram

Societe Generale

Lloyd Blankfein — Senior Chairman & Former CEO, Goldman Sachs . <p>Lloyd Blankfein is the former Senior Chairman & Former CEO, Goldman Sachs.</p> <p>He joined the J. Aron Currency and Commodities Division of Goldman Sachs in 1982 after working as an attorney in a law firm. Lloyd was named partner in 1988 and co-head of the J. Aron Division in 1994. He became co-head of the Fixed Income, Currency and Commodities Division as of its formation in 1997 and was based in London from 1997 to 1999 in that capacity.</p> <p>Lloyd served as vice chairman of Goldman Sachs from 2002 through 2003, with management responsibility for the FICC and Equities Divisions. Prior to assuming his current responsibilities, he served as the firm’s president and chief operating officer from December 2003 through June 2006. He served as the firm’s chairman and chief executive officer from 2006 through September 2018, and remained as chairman through December 2018.</p> <p>Among his affiliations with nonprofit organizations, Lloyd is a member of several Harvard advisory boards, a member of the Executive Committee of the UJA Federation of New York, a Board Fellow of Weill Cornell Medical College and a member of the Council on Foreign Relations.</p> <p>Lloyd earned a JD from Harvard Law School in 1978 and an AB from Harvard College in 1975.</p> <p>Lloyd’s book, Streetwise: Getting to and Through Goldman Sachs is a candid memoir of global leadership in an age of extreme turbulence.</p>
Will Bartlett — Chief Executive Officer, Parallax Volatility Advisers. <p>Will Bartlett is the Chief Executive Officer of Parallax Volatility Advisers. Will has been involved with equity options since 1995 and has been with Parallax since 1996.<br /> In his 30 years at Parallax, he has played an active role transforming the firm from a small, floor-based equity options trading operation into a large participant in the global volatility market.<br /> Prior to joining Parallax, Will worked on the floor of the Pacific Coast Exchange while earning his Bachelor’s degree in Economics at the University of California, Berkeley. </p> <p>Will proudly serves on the Board of Governors of Boys & Girls Clubs of San Francisco, the Board of Trustees of San Francisco University High School, and is a Senior Member of The Guardsmen, an organization helping at-risk youth by providing scholarships, support, and outdoor education programs to students in the San Francisco Bay Area.</p>
Greg Bond — Chief Executive Officer, Man Numeric. <p>Gregory (“Greg”) Bond is Chief Investment Officer at Man Group, focused on strengthening collaboration between the firm’s investment teams and accelerating innovation in new capabilities. He is also Head of the Americas for Man Group, and lead portfolio manager for Man Group’s flagship multi-strategy fund. In addition, he serves on the Man Group Executive Committee.</p> <p>Greg was formerly CEO of Man Numeric. Prior to that, he was Director of Research at Man Numeric, responsible for research initiatives, including the day-to-day management of Man Numeric’s strategic alpha research team. Before becoming Director of Research, he was a portfolio manager for various hedge fund strategies at Numeric as well as being Co-Head of its hedge fund group, having joined in 2003.</p> <p>Greg holds a Bachelor of Arts degree in economics and biology from Yale University and a Master of Business Administration degree from Harvard Business School.</p>
Paul Britton — Founder & CEO, Capstone Investment Advisors. <p>Paul Britton, OBE is the Chief Executive Officer of Capstone, one of the leading firms in derivatives and complementary strategies, which he founded in 2004. Headquartered in New York with 10 offices globally, Paul formed Capstone to offer investors access to, and exploit the inefficiencies present in, complex derivatives markets, creating value for the firm’s clients, team, and industry over two decades of growth.<br /> Paul’s philosophy of constant evolution and the firm’s store of unmatched talent are the twin pillars of Capstone’s success. The firm’s emphasis on enduring relationships with investors at all tiers, technology, analytics, and innovation, are priorities that Paul has developed and brought through to the present day. His career began in the pit with Saratoga Limited, where Paul traded options on the London International Financial Futures and Options Exchange (LIFFE) before co-founding Mako Global Derivatives in 1999. Throughout his career, Paul has embraced a global perspective, working across key financial centers including New York, London, and Amsterdam, and most recently Milan. Operating from this strategic European location allows Paul to remain the most accessible to our teams and clients worldwide.<br /> Paul currently serves on the Boards of the US Soccer Foundation, and The Tate America’s Foundation. Paul was named an Officer of the Order of the British Empire (OBE) for his dedication and notable philanthropic contributions to the Tate Americas Foundation.<br /> Paul received a BA in European Business Finance from London Metropolitan University.</p>
Dr. Lester Coyle — Principal and Chief Investment Officer, III Capital Management. <p>Dr. Lester Coyle is a Principal and Chief Investment Officer, and he is also the portfolio manager for the III credit and asymmetric funds. Dr. Coyle joined III in February 2005 from Commerzbank where he was U.S. head of credit correlation trading. Prior to that, he worked at Bank One as a single name and correlation trader and as a credit model builder. He holds a PhD in Mathematics from the University of Michigan and a BA in Mathematics from Trinity College, Dublin. Dr. Coyle was also a Mathematics professor at Duke University and Loyola University.</p>
Peter van Dooijeweert — Head of Strategic Investment Partnerships, Capstone Investment Advisors. <p>Peter van Dooijeweert joined Capstone in December 2024 as Head of Strategic Investment Partnerships. Prior to Capstone, Peter spent six years at Man Group where he was Head of Defensive and Tactical Alpha working closely with Man’s largest clients to design customized actively managed investment portfolios and strategies. Prior to Man, Peter spent over 15 years as a volatility arbitrage portfolio manager at Paloma Investments Partners, Soros Fund Management and Tudor Investment Corporation. Peter has served on investment and portfolio risk committees at Man and Paloma bringing over 25 years of experience in derivatives and alternatives to capital allocation and firm wide portfolio management decisions. He began his career with Goldman Sachs in Equity Derivatives Trading in Tokyo and<br /> New York.<br /> Peter holds a Bachelor of Science (B.S.) in Accounting and Finance from Wake Forest University where he graduated Summa Cum Laude.</p>
Jason Goldberg — Senior Portfolio Manager, Capstone Investment Advisors. <p>Jason Goldberg joined Capstone in June 2018 as a Senior Portfolio Manager.</p> <p>Jason has been trading equity derivatives since 1998. Prior to joining Capstone, he was most recently an Executive Vice President at PIMCO, managing up to $1 billion in capital dedicated to equity dispersion. He also ran the equity execution desk for PIMCO and helped advise Portfolio Managers on equity-related strategies and trades. Before joining PIMCO in 2014, he was a Managing Director at Och-Ziff in New York. Jason worked at Och-Ziff from 2006 to 2013, focusing mostly on equity dispersion. Prior to working at Och-Ziff, Jason was a partner at Onyx Capital from 1998 to 2006. He started his career at J.P. Morgan in 1995 and worked on both the equity derivatives and municipal derivatives desks.</p> <p>Jason received a dual degree in Math and Economics from Claremont McKenna College in 1995, graduating magna cum laude.</p>
Dr. Chris Jones — Head of Solutions and Chief Executive (London), Graham Capital Management. <p>Chris Jones, Ph.D., is Head of Solutions and Chief Executive (London) at Graham Capital Management, L.P. (“Graham”), an alternative investment manager with $22B AUM as of August 1, 2026. </p> <p>Dr. Jones works with Graham’s clients to develop customized solutions that best fit their portfolios, utilizing the broad range of strategies across Graham’s investment platform. Dr. Jones also oversees the management of Graham’s London office. Prior to joining Graham in 2016, Dr. Jones was Managing Director and Head of Investment Advisory at bfinance, an investment consultancy specializing in large pension plans, from March 2012 to February 2016, where he advised a variety of global institutional clients. From January 2005 to February 2012, Dr. Jones was Chief Investment Officer of Key Asset Management, a fund of hedge funds, where he was responsible for the oversight of the investment and risk management of several funds of hedge funds. </p> <p>Dr. Jones is currently an Honorary Fellow in Finance at the Judge Business School at the University of Cambridge, where he lectures MFin and MBA courses on Alternative Investment Management. Dr. Jones has co-authored a number of published academic papers about liquid alternatives and hedge fund strategies as well as having authored a book on the subject. Dr. Jones received a BA in Mathematics from Oxford University in 1992 and a PhD in Mathematical Finance from the University of Cambridge in 2000.</p>
Nick Smith — Head of Index Options Sales, Nasdaq. <p>Nick Smith leads Nasdaq-100 Index Options (NDX®) Sales at Nasdaq working with banks, funds, brokers, platforms and allocators to develop Nasdaq’s proprietary index options business.</p> <p>Originally from the Yorkshire Dales in England, Nick graduated from Aston Business School in Birmingham, England with Economics & Management first class honors.</p> <p>Starting his career in London at Deutsche Boerse Group in Group Sales efforts and Eurex Fixed Income Sales (OTC clearing & exchange-traded), Nick relocated to the United States in 2018 joining FIS (Sungard) before returning to Eurex (the derivatives exchange of Deutsche Boerse Group) as VP Sales covering U.S. buy side. Nick joined Nasdaq in 2024.</p>
Dan Stone — Principal and Portfolio Manager, Ionic Capital Management. <p>Dan Stone is a co-founder of Ionic Capital Management LLC, where he manages the firm’s interest rate, currency, and credit strategies. He has over 25 years of experience in managing relative value arbitrage and long volatility strategies across multiple asset classes. Stone was previously a Managing Director and Portfolio Manager in the US and European Volatility and Credit Arbitrage Group at Highbridge Capital Management. He earned an AB in Economics magna cum laude from Harvard College.</p>
Matt Tonelli — Head of Investment Strategies, Capstone Investment Advisors. <p>Matt Tonelli is Capstone’s Head of Investment Strategies and oversees the firm’s Multi-Strategy platform and the Risk Management team. Matt has been with Capstone since inception in 2004 and has enjoyed being part of Capstone’s evolution from market-maker to a leading derivatives-focused investment manager. He has managed derivative portfolios across many asset classes and became Capstone’s Head of Fixed Income and Foreign Exchange three years before becoming the Chief Risk Officer in 2010. Matt began his career as an equity and index options market maker on the CBOE and AMEX.</p> <p>Matt received a BA from University of Pennsylvania and an MS in Management from New York University’s Stern School of Business.</p>
Mrinal Vikram — Equity Derivatives Sales , Societe Generale. <p>Mrinal Vikram works in Equity Derivatives Sales within Global Markets at Societe Generale, based in New York. He covers hedge funds and asset managers across listed and OTC derivatives as well as QIS products. He led the development of SG’s equity-linked note and alternate risk transfer businesses.</p> <p>Mrinal began his career as an Associate at Deutsche Bank. He then moved to the buy side, trading structured derivatives at Vicis Capital and Paloma Partners. He holds an MBA from the Indian Institute of Management Bangalore and a B.S. in Computer Science from the Indian Institute of Technology Kanpur.</p>
2026 Event Sponsors

Managers and Sponsors


Educational Resources

Newsletters and Updates


Eurex

Liquidity Reboot: A New Chapter for EURO STOXX 50® Options

Introduced in February 1998, the EURO STOXX 50® index is the bedrock of European equity markets. Representing fifty of the largest companies in the Eurozone by free float market cap, its derivative contracts listed exclusively on Eurex are among the most liquid and heavily traded derivatives in Europe. The index continues to evolve, shifting when the Eurozone’s borders change and when new stocks reach the peak of Europe’s corporate ladder.

Deutsche Bank

Portable Alpha

Portable Alpha is a concept that emerged in the 1990s and early 2000s and has since been implemented by large allocators. In recent years, the topic has seen a resurgence. The basic idea of portable alpha is to add uncorrelated alpha (“skill”) to an existing portfolio without disrupting its original, core asset allocation (“beta”).

Cboe

The VIX® Index Decomposition

Prior to the US market open on August 5, 2024, the S&P 500® Index had fallen nearly 5% as traders labored to process the 12% overnight decline in the Nikkei and the ensuing implications of the Yen-Carry Unwind for US equities. In response to this market uncertainty, the Cboe Volatility Index® (the VIX® Index) jumped from a prior day close of 23 and registered an intraday preopen high of 65 before closing near 40 at the end of the day’s trading session. The 3x intraday surge in the VIX Index befuddled market commentators with many expressing surprise at the magnitude of the VIX Index move and with some even speculating that the VIX Index was somehow “broken”.

Graham Capital

From Noise to Signal: Positioning Beyond the Narrative Regime

We expect markets to enter a new phase. So far in 2025, policy shocks, geopolitical risk, and high narrative volatility have been the dominant market drivers. If meaningful progress on trade deals is struck over the summer, we anticipate a transition to a regime where economic data, rather than headlines, regains primacy. Market volatility has declined since April, driven by gradually but consistently receding uncertainty.

Aspect Capital

Aspect Capital Insight Series – Living With Trend Following, History & Lessons From the Past 25 Years

The path ahead is unclear – shaped by fiscal, monetary, political, and geopolitical challenges. But the future is always unpredictable. When change is the only constant, history shows that adaptability, agility, and resiliency are the qualities that help strategies navigate uncertainty best. Trend following is one such strategy, deeply rooted in history and distinguished by these very attributes.

CME Group

Equity Financing Demand Dynamics for AIR TRFs

All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author(s) and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

Standout Moments

A Legacy of Thought Leadership


Skateboarding legend and entrepreneur Tony Hawk shares his experiences of balancing risk and reward

New York

GVS resumes in-person gatherings, welcoming over 400 people to Pier Sixty

New York

Amidst the global COVID pandemic, GVS launches its first ever virtual summit

Virtual

GVS celebrates its 10th year with a special keynote address from Professional Rock Climber Alex Honnold

New York

The summit expands to Japan with the launch of GVS Tokyo

Tokyo

Moving beyond the numbers, John Coates, Ph.D. shares insights on how volatility affects the body

New York

Nobel Prize Winner Professor, Robert Engle, and Former Vice Chairman of the Federal Reserve, Donald Kohn, deliver keynote addresses

New York

Inaugural Global Volatility Summit

New York

Global Volatility Summit Event History

  • — Skateboarding legend and entrepreneur Tony Hawk shares his experiences of balancing risk and reward, New York
  • — GVS resumes in-person gatherings, welcoming over 400 people to Pier Sixty, New York
  • — Amidst the global COVID pandemic, GVS launches its first ever virtual summit, Virtual
  • — GVS celebrates its 10th year with a special keynote address from Professional Rock Climber Alex Honnold, New York
  • — The summit expands to Japan with the launch of GVS Tokyo, Tokyo
  • — Moving beyond the numbers, John Coates, Ph.D. shares insights on how volatility affects the body, New York
  • — Nobel Prize Winner Professor, Robert Engle, and Former Vice Chairman of the Federal Reserve, Donald Kohn, deliver keynote addresses, New York
  • — Inaugural Global Volatility Summit, New York