Bloomberg News reports that Wien, 29, will trade equity-index derivatives at Och-Ziff, he said Thursday in an e-mail to clients and co-workers. He joined JPMorgan in 2012 to trade options and futures on the VIX, as the Chicago Board Options Exchange Volatility Index is known. In his e-mail, Wien thanked his JPMorgan colleagues for the two-year experience.
'I also appreciate greatly all of your advice and encouragement regarding the best ways to lose a few pounds as well as to improve my fashion sense', Wien wrote. 'Rest assured that while I haven’t necessarily heeded any of that advice to date, I assure you that I will at some point'.
The VIX is also known as the 'fear index' because it’s a measure of volatility in the Standard & Poor’s 500 Index. It moves in the opposite direction of the benchmark about 80% of the time, and has gained popularity in recent years as a way to hedge equity investments.
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