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{{AFC submission|||ts=20130222140736|u=38.96.167.131|ns=5}}
{{AFC submission|||ts=20130222140736|u=38.96.167.131|ns=5}}


Nelson Saiers is the Chief Investment Officer of Saiers Capital, LLC (formerly Alphabet Management, LLC) and is known for his financial commentary on the global [[Volatility arbitrage|volatility]] space. He was previously a Managing Director at Deutsche Bank AG.
Nelson Saiers is the [[Chief Investment Officer]] of Saiers Capital, LLC (formerly Alphabet Management, LLC) and is known for his financial commentary on the global [[Volatility arbitrage|volatility]] space. He was previously a Managing Director at [[Deutsche Bank]] AG.


==Early Life and Education==
==Early Life and Education==


In 1998, Nelson earned his Ph.D. in mathematics from the [[University of Virginia]] at the age of 23, only one year after completing his undergraduate studies.<ref>{{cite news|last=Creswell|first=Julie|title=Funds Find Opportunities in Volatility|url=http://www.nytimes.com/2011/03/18/business/global/18volatility.html?_r=0|accessdate=January 31, 2013|newspaper=New York Times|date=March 17, 2011}}</ref><ref>{{cite web|title=UVA News|url=http://news.virginia.edu/headlines?date%5bvalue%5d%5bdate%5d=2011-03-18|accessdate=January 31, 2013}}</ref> He studied algebraic topology and cobordism theory.<ref>{{cite journal|last=Saiers|first=Nelson|title=The cobordism classification of projective space bundles|journal=Topology and its Applications|date=19|year=2000|month=May|volume=103|issue=2|pages=179–186|doi=10.1016/S0166-8641(99)00002-4|url=http://www.sciencedirect.com/science/article/pii/S0166864199000024|accessdate=January 31, 2013}}</ref> Nelson also has a younger brother Scott Saiers.<ref>{{cite news|last=Hiralal|first=Baz|title=Movers and Shakers|url=http://www.thedeal.com/movers/movers-shakers/baz-hiralal-022312.php|accessdate=21 February 2013|newspaper=The Deal Pipeline|date=23 February 2012}}</ref>
In 1998, Nelson earned his Ph.D. in mathematics from the [[University of Virginia]] at the age of 23, only one year after completing his undergraduate studies.<ref>{{cite news|last=Creswell|first=Julie|title=Funds Find Opportunities in Volatility|url=http://www.nytimes.com/2011/03/18/business/global/18volatility.html?_r=0|accessdate=January 31, 2013|newspaper=New York Times|date=March 17, 2011}}</ref><ref>{{cite web|title=UVA News|url=http://news.virginia.edu/headlines?date%5bvalue%5d%5bdate%5d=2011-03-18|accessdate=January 31, 2013}}</ref> He studied [[algebraic topology]] and [[cobordism]] theory.<ref>{{cite journal|last=Saiers|first=Nelson|title=The cobordism classification of projective space bundles|journal=Topology and its Applications|date=19|year=2000|month=May|volume=103|issue=2|pages=179–186|doi=10.1016/S0166-8641(99)00002-4|url=http://www.sciencedirect.com/science/article/pii/S0166864199000024|accessdate=January 31, 2013}}</ref> Nelson also has a younger brother Scott Saiers.<ref>{{cite news|last=Hiralal|first=Baz|title=Movers and Shakers|url=http://www.thedeal.com/movers/movers-shakers/baz-hiralal-022312.php|accessdate=21 February 2013|newspaper=The Deal Pipeline|date=23 February 2012}}</ref>


==Financial Career==
==Financial Career==


Nelson began his trading career at Susquehanna Investment Group, where he co-founded and ran a proprietary volatility trading desk. He also later worked at UBS and Deutsche Bank. At UBS, Nelson was in charge of a derivatives trading area focused on special situations and credit equity trading within the equity proprietary desk. At Deutsche Bank, Nelson was a Managing Director running a proprietary trading desk reporting into equities with a broad mandate to trade volatility arbitrage, equity derivatives, convertible bonds, risk arbitrage and commodities, among other strategies.<ref>{{cite web|title=Meet the Team: Nelson Saiers Profile|url=www.saierscapital.com|accessdate=21 February 2013}}</ref>
Nelson began his trading career at Susquehanna Investment Group, where he co-founded and ran a proprietary volatility trading desk. He also later worked at [[UBS]] and [[Deutsche Bank]]. At UBS, Nelson was in charge of a derivatives trading area focused on special situations and credit equity trading within the equity proprietary desk. At Deutsche Bank, Nelson was a Managing Director running a proprietary trading desk with a broad mandate to trade volatility arbitrage, equity derivatives, convertible bonds, risk arbitrage and commodities, among other strategies.<ref>{{cite web|title=Meet the Team: Nelson Saiers Profile|url=www.saierscapital.com|accessdate=21 February 2013}}</ref>


==Saiers Capital, LLC==
==Saiers Capital, LLC==
Line 18: Line 18:
==Quotes in the Press==
==Quotes in the Press==


Nelson has been widely quoted in Bloomberg, the Wall Street Journal, Barrons, and the Financial Post on topics such as China, India, European Sovereign Debt, Facebook, Dell, and the price of gold as well as overall market trends.<ref>{{cite news|last=Bernis|first=Tom|title=Gold no safer than stocks?|url=http://blogs.marketwatch.com/thetell/2011/09/09/gold-no-safer-than-stocks/|accessdate=21 February 2013|newspaper=Market Watch at the Wall Street Journal|date=9 September 2011}}</ref><ref>{{cite news|last=Vannucci|first=Cecile and Jeff Kearns|title=VIX at Biggest Discount to Europe's Vstoxx Since 2008: Options|url=http://www.businessweek.com/news/2011-09-13/vix-at-biggest-discount-to-europe-s-vstoxx-since-2008-options.html|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=13 September 2011}}</ref><ref>{{cite news|last=Kearns|first=Jeff and Cecile Vannucci|title=VIX Traders See Gain Erased as Futures Exceed Average: Options|url=http://www.businessweek.com/news/2011-09-28/vix-traders-see-gain-erased-as-futures-exceed-average-options.html|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=28 September 2011}}</ref><ref>{{cite news|last=Nayak|first=Debiprasad and Tatyana Shumsky|title=India Slows Rush for Gold: Rupee's Fall Hits World's Biggest Consumer of Gold, and Possibly Global Prices|url=http://online.wsj.com/article/SB10001424052970204058404577111194291686190.html|accessdate=21 February 2013|newspaper=The Wall Street Journal|date=24 December 2011}}</ref><ref>{{cite news|last=Gammeltoft|first=Nikolaj, Liz Capo McCormick & Cecile Vannucci|title=Volatility Lowest Since '07 in Stocks, Bonds, Currencies|url=http://www.bloomberg.com/news/2012-04-02/volatility-lowest-since-07-in-stocks-bonds-currencies.html|accessdate=21 February 2013|newspaper=Bloomberg|date=2 April 2012}}</ref><ref>{{cite news|title=VIX Advances for record eighth day|url=http://business.financialpost.com/2012/04/10/vix-advances-for-record-eighth-day/|accessdate=21 February 2013|newspaper=Bloomberg News|date=10 April 2012}}</ref><ref>{{cite news|last=Vannucci|first=Cecile and Nikolaj Gammeltoft|title=Facebook Contracts Top 365,000 in Fastest Start for IPO|url=http://www.bloomberg.com/news/2012-05-30/facebook-contracts-top-365-000-in-fastest-start-for-ipo.html|accessdate=21 February 2013|newspaper=Bloomberg|date=30 May 2012}}</ref><ref>{{cite news|last=Conway|first=Brendan|title=How to Profit from High Correlation|url=http://online.barrons.com/article/SB50001424053111904317504577488650456431854.html|accessdate=21 February 2013|newspaper=Barrons|date=30 June 2012}}</ref><ref>{{cite news|last=Cao|first=Belinda and Leon Lazaroff|title=Internet Stocks Lead Retreat on Manufacturing: China Overnight|url=http://www.businessweek.com/news/2012-07-02/internet-stocks-lead-retreat-on-manufacturing-china-overnight|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=2 July 2012}}</ref><ref>{{cite news|last=Newcomb|first=Peter|title=World's Richest Gain $15.2 Billion as Global Markets Rise|url=http://www.businessweek.com/news/2012-07-27/world-s-richest-gain-15-dot-2-billion-as-global-markets-rise|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=27 July 2012}}</ref><ref>{{cite news|last=Gammeltoft|first=Nikolaj and Cecile Vannucci|title=Dell Options Show Traders Betting on Buyout About $14|url=http://www.businessweek.com/news/2013-01-18/dell-options-show-traders-betting-on-buyout-above-14|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=18 January 2013}}</ref>
Nelson has been widely quoted in [[Bloomberg LP|Bloomberg]], [[The Wall Street Journal]], [[Barron's (newspaper)|Barron's]], and [[The Financial Post]] on topics such as China, India, European Sovereign Debt, Facebook, Dell, and the price of gold as well as overall market trends.<ref>{{cite news|last=Bernis|first=Tom|title=Gold no safer than stocks?|url=http://blogs.marketwatch.com/thetell/2011/09/09/gold-no-safer-than-stocks/|accessdate=21 February 2013|newspaper=Market Watch at the Wall Street Journal|date=9 September 2011}}</ref><ref>{{cite news|last=Vannucci|first=Cecile and Jeff Kearns|title=VIX at Biggest Discount to Europe's Vstoxx Since 2008: Options|url=http://www.businessweek.com/news/2011-09-13/vix-at-biggest-discount-to-europe-s-vstoxx-since-2008-options.html|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=13 September 2011}}</ref><ref>{{cite news|last=Kearns|first=Jeff and Cecile Vannucci|title=VIX Traders See Gain Erased as Futures Exceed Average: Options|url=http://www.businessweek.com/news/2011-09-28/vix-traders-see-gain-erased-as-futures-exceed-average-options.html|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=28 September 2011}}</ref><ref>{{cite news|last=Nayak|first=Debiprasad and Tatyana Shumsky|title=India Slows Rush for Gold: Rupee's Fall Hits World's Biggest Consumer of Gold, and Possibly Global Prices|url=http://online.wsj.com/article/SB10001424052970204058404577111194291686190.html|accessdate=21 February 2013|newspaper=The Wall Street Journal|date=24 December 2011}}</ref><ref>{{cite news|last=Gammeltoft|first=Nikolaj, Liz Capo McCormick & Cecile Vannucci|title=Volatility Lowest Since '07 in Stocks, Bonds, Currencies|url=http://www.bloomberg.com/news/2012-04-02/volatility-lowest-since-07-in-stocks-bonds-currencies.html|accessdate=21 February 2013|newspaper=Bloomberg|date=2 April 2012}}</ref><ref>{{cite news|title=VIX Advances for record eighth day|url=http://business.financialpost.com/2012/04/10/vix-advances-for-record-eighth-day/|accessdate=21 February 2013|newspaper=Bloomberg News|date=10 April 2012}}</ref><ref>{{cite news|last=Vannucci|first=Cecile and Nikolaj Gammeltoft|title=Facebook Contracts Top 365,000 in Fastest Start for IPO|url=http://www.bloomberg.com/news/2012-05-30/facebook-contracts-top-365-000-in-fastest-start-for-ipo.html|accessdate=21 February 2013|newspaper=Bloomberg|date=30 May 2012}}</ref><ref>{{cite news|last=Conway|first=Brendan|title=How to Profit from High Correlation|url=http://online.barrons.com/article/SB50001424053111904317504577488650456431854.html|accessdate=21 February 2013|newspaper=Barrons|date=30 June 2012}}</ref><ref>{{cite news|last=Cao|first=Belinda and Leon Lazaroff|title=Internet Stocks Lead Retreat on Manufacturing: China Overnight|url=http://www.businessweek.com/news/2012-07-02/internet-stocks-lead-retreat-on-manufacturing-china-overnight|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=2 July 2012}}</ref><ref>{{cite news|last=Newcomb|first=Peter|title=World's Richest Gain $15.2 Billion as Global Markets Rise|url=http://www.businessweek.com/news/2012-07-27/world-s-richest-gain-15-dot-2-billion-as-global-markets-rise|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=27 July 2012}}</ref><ref>{{cite news|last=Gammeltoft|first=Nikolaj and Cecile Vannucci|title=Dell Options Show Traders Betting on Buyout About $14|url=http://www.businessweek.com/news/2013-01-18/dell-options-show-traders-betting-on-buyout-above-14|accessdate=21 February 2013|newspaper=Bloomberg Businessweek|date=18 January 2013}}</ref>


==Philanthropy==
==Philanthropy==

Revision as of 21:20, 25 February 2013

Nelson Saiers is the Chief Investment Officer of Saiers Capital, LLC (formerly Alphabet Management, LLC) and is known for his financial commentary on the global volatility space. He was previously a Managing Director at Deutsche Bank AG.

Early Life and Education

In 1998, Nelson earned his Ph.D. in mathematics from the University of Virginia at the age of 23, only one year after completing his undergraduate studies.[1][2] He studied algebraic topology and cobordism theory.[3] Nelson also has a younger brother Scott Saiers.[4]

Financial Career

Nelson began his trading career at Susquehanna Investment Group, where he co-founded and ran a proprietary volatility trading desk. He also later worked at UBS and Deutsche Bank. At UBS, Nelson was in charge of a derivatives trading area focused on special situations and credit equity trading within the equity proprietary desk. At Deutsche Bank, Nelson was a Managing Director running a proprietary trading desk with a broad mandate to trade volatility arbitrage, equity derivatives, convertible bonds, risk arbitrage and commodities, among other strategies.[5]

Saiers Capital, LLC

In July 2010, Nelson left Deustche Bank to join Alphabet Management, a New York hedge fund specializing in options.[6] He was promoted to Chief Investment Officer in March 2011, just eight months after joining the firm.[7][8] His younger brother Scott Saiers, previously a Managing Director running the US equity-linked trading desk at UBS, joined Alphabet in February 2012 as Head Trader.[9] In December 2012, Alphabet announced that Nelson would become a full partner and the firm would be changing its name to Saiers Capital, LLC.[10]

Quotes in the Press

Nelson has been widely quoted in Bloomberg, The Wall Street Journal, Barron's, and The Financial Post on topics such as China, India, European Sovereign Debt, Facebook, Dell, and the price of gold as well as overall market trends.[11][12][13][14][15][16][17][18][19][20][21]

Philanthropy

Nelson has a multi-year affiliation with the philanthropic organization charity: water, an organization founded by Scott Harrison which attempts to provide clean water to those in developing countries without current access to safe drinking water. Nelson is a Founding Member of The Well, a core group of donors who support charity: water.[22]

References

  1. ^ Creswell, Julie (March 17, 2011). "Funds Find Opportunities in Volatility". New York Times. Retrieved January 31, 2013.
  2. ^ "UVA News". Retrieved January 31, 2013.
  3. ^ Saiers, Nelson (19). "The cobordism classification of projective space bundles". Topology and its Applications. 103 (2): 179–186. doi:10.1016/S0166-8641(99)00002-4. Retrieved January 31, 2013. {{cite journal}}: Check date values in: |date= and |year= / |date= mismatch (help); Unknown parameter |month= ignored (help)
  4. ^ Hiralal, Baz (23 February 2012). "Movers and Shakers". The Deal Pipeline. Retrieved 21 February 2013.
  5. ^ [www.saierscapital.com "Meet the Team: Nelson Saiers Profile"]. Retrieved 21 February 2013. {{cite web}}: Check |url= value (help)
  6. ^ Dealbook (15 July 2010). "Trader Leaves Deutsche for Alphabet Management". New York Times. Retrieved 21 February 2013.
  7. ^ Kearns, Jeff (March 15, 2011). "Alphabet Promotes Saiers to Investment Chief of Volatility Fund". Bloomberg. Retrieved January 31, 2013.
  8. ^ "Saiers Rising, Becomes CIO of Hedge Fund Alphabet". FINAlternatives. 16 March 2011. Retrieved 21 February 2013.
  9. ^ Hiralal, Baz (23 February 2012). "Movers and Shakers". The Deal Pipeline. Retrieved 21 February 2013.
  10. ^ Gammeltoft, Nikolaj (Decmeber 7, 2012). "Saiers Made Partner at Alphabet Management After 27% Gain". Bloomberg. Retrieved January 31, 2013. {{cite news}}: Check date values in: |date= (help)
  11. ^ Bernis, Tom (9 September 2011). "Gold no safer than stocks?". Market Watch at the Wall Street Journal. Retrieved 21 February 2013.
  12. ^ Vannucci, Cecile and Jeff Kearns (13 September 2011). "VIX at Biggest Discount to Europe's Vstoxx Since 2008: Options". Bloomberg Businessweek. Retrieved 21 February 2013.
  13. ^ Kearns, Jeff and Cecile Vannucci (28 September 2011). "VIX Traders See Gain Erased as Futures Exceed Average: Options". Bloomberg Businessweek. Retrieved 21 February 2013.
  14. ^ Nayak, Debiprasad and Tatyana Shumsky (24 December 2011). "India Slows Rush for Gold: Rupee's Fall Hits World's Biggest Consumer of Gold, and Possibly Global Prices". The Wall Street Journal. Retrieved 21 February 2013.
  15. ^ Gammeltoft, Nikolaj, Liz Capo McCormick & Cecile Vannucci (2 April 2012). "Volatility Lowest Since '07 in Stocks, Bonds, Currencies". Bloomberg. Retrieved 21 February 2013.{{cite news}}: CS1 maint: multiple names: authors list (link)
  16. ^ "VIX Advances for record eighth day". Bloomberg News. 10 April 2012. Retrieved 21 February 2013.
  17. ^ Vannucci, Cecile and Nikolaj Gammeltoft (30 May 2012). "Facebook Contracts Top 365,000 in Fastest Start for IPO". Bloomberg. Retrieved 21 February 2013.
  18. ^ Conway, Brendan (30 June 2012). "How to Profit from High Correlation". Barrons. Retrieved 21 February 2013.
  19. ^ Cao, Belinda and Leon Lazaroff (2 July 2012). "Internet Stocks Lead Retreat on Manufacturing: China Overnight". Bloomberg Businessweek. Retrieved 21 February 2013.
  20. ^ Newcomb, Peter (27 July 2012). "World's Richest Gain $15.2 Billion as Global Markets Rise". Bloomberg Businessweek. Retrieved 21 February 2013.
  21. ^ Gammeltoft, Nikolaj and Cecile Vannucci (18 January 2013). "Dell Options Show Traders Betting on Buyout About $14". Bloomberg Businessweek. Retrieved 21 February 2013.
  22. ^ "2010 Financial Report".

Saiers Capital Website

2012 Citi Volatility & Tail Risk Forum in London

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