Re: Hedge Fund Equity Volatility Arbitrage Replication Research

Spector, Edward (PBIG New York, NY (Downtown))

thanks

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Tuesday, February 6, 2007 5:10:59 PM
Subject: Hedge Fund Equity Volatility Arbitrage Replication Research

Hedge Fund Equity Volatility Arbitrage Replication Research

Jeffrey,

Thought you would enjoy the thought process on the replication of hedge fund returns.

<<12927902.PDF>>

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Spector, Edward (PBIG New York, NY (Downtown))

give me dollar figures with margin and upside spreadsheet

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Thursday, February 8, 2007 8:41:17 PM
Subject: RE: Hedge Fund Equity Volatility Arbitrage Replication Research

Message

I may be able to do a swap into this index. You would avoid hedge fund type promotes. If interested,let me know and I will inquire.It would be real interesting if I can do the index and write swaptions against it as well.

Ed Spector, CIMA
Vice President
212 236 1660 (T)
212 236 1644 (F)

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-----Original Message-----
From: J. Epstein [mailto:jeeproject@yahoo.com]
Sent: Tuesday, February 06, 2007 8:32 PM
To: Spector, Edward (PBIG New York, NY (Downtown))
Subject: Re: Hedge Fund Equity Volatility Arbitrage Replication Research

thanks

----- Original Message ----
From: "Spector, Edward (PBIG New York, NY (Downtown))" <edward_spector@ml.com>
To: J. Epstein <jeeproject@yahoo.com>
Sent: Tuesday, February 6, 2007 5:10:59 PM
Subject: Hedge Fund Equity Volatility Arbitrage Replication Research

Jeffrey,

Thought you would enjoy the thought process on the replication of hedge fund returns.

Ed

<<12927902.PDF>>

Disclaimer:

CAUTION: electronic mail sent through the internet is not secure and could be intercepted by a third party. For your protection, avoid sending identifying information, such as account, Social Security, or card numbers to us or others. Further, do not send time-sensitive, action-oriented messages, such as transaction orders, fund transfer instructions, or check stop payments, as it is our policy not to accept such items electronically.

If you are not an intended recipient of this e-mail, please notify the sender, delete it and do not read, act upon, print, disclose, copy, retain or redistribute it. Click here for important additional terms relating to this e-mail. http://www.ml.com/email_terms/

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