Edward Szado, Department Chair
Associate Professor
Education:
Ph.D. - Finance University of Massachusetts Amherst
Brief Biography:
Edward Szado, Ph.D., CFA®, is an Associate Professor at Providence College, the Director of Research of the Institute for Global Asset and Risk Management (INGARM). He was previously a founding Editor of the Alternative Investment Analyst Review (AIAR), an Assistant Editor of the Journal of Alternative Investments (JAI) and an options trader at ZAHR trading. His experience also includes product development in the areas of volatility based investments and structured investment products. He is a Chartered Financial Analyst and has consulted for the Options Industry Council, the Chicago Board Options Exchange, the Chartered Alternative Investment Analyst Association and the Commodity Futures Trading Commission.
Area(s) of Expertise:
Derivatives, Options, Risk Management
Selected Publications:
Szado, E. The Portfolio Diversification Potential of Long VIX® Futures and Options Strategies. .
Szado, E. Understanding the Characteristics of the VIX® index. .
Shafer, M. Szado, E. (2020) Environmental, Social, and Governance Practices and Perceived Tail Risk. Accounting and Finance.(60), 4195-4224.
Szado, E. Kazemi, H. Schneeweis, T. (2018) Option Informed Stock Picking. Journal of Alternative Investments.(21), 48-66.
Szado, E. Yau, J. Schneeweis, T. Robinson, T. Weiss, L. (2017) CFA III: CFA Reading 30: Alternative Investments Portfolio Management.
Szado, E. (2016) CAIA Level II Alternative Investments 3rd Edition Chapters 22,23,24.
Szado, E. Black, K. (2016) Performance Analysis of Options-Based Equity Mutual Funds, Closed-End Funds, and Exchange-Traded Funds. Journal of Wealth Management, The.(19), 51-69.
Szado, E. Schneeweis, T. Spurgin, R. (2013) Managed Futures Return-Based Style Estimation Models: A Review of Comparison Managed Futures Indices. Journal of Alternative Investments.(15), 32-61.
Szado, E. (2013) What a Difference a Day, Week, Month Makes - The Convertible Arbitrage Case Across Economic Environments. Alternative Investment Analyst Review.(2), 68-81.
Szado, E. Kapadia, N. (2012) 15 Years of the Russell 2000 Buy-Write. Journal of Investing.(21), 59-80.
Szado, E. Black, K. Chambers, D. Kazemi, H. (2012) CAIA Level II: Advanced Core Topics in Alternative investments Chapters 23, 24, 25, and 26. Hoboken, NJ: Wiley
Szado, E. Schneeweis, T. Kazemi, H. (2012) Hedge Fund Return-Based Style Estimation Models: A Review of Comparison Hedge Fund Indices. Journal of Alternative Investments.(15), 24-53.
Szado, E. Option-Based Risk Management in a Multi-Asset World. .
Szado, E. Swamy, G. Zeltser, I. Kazemi, H. (2012) Setting the Benchmark: Spotlight on Private Equity . Alternative Investment Analyst Review.(1), 1-18.
Szado, E. (2011) Defining Speculation: The First Step toward a Rational Dialogue. Journal of Alternative Investments.(14), 75-82.
Szado, E. Schneeweis, T. Kazemi, H. (2011) Hedge Fund database "Deconstruction". Journal of Alternative Investments.(14), 65-88.
Szado, E. Schneeweis, T. Kazemi, H. Issues in Hedge Fund Data Analysis: What a Difference a Date Makes. .
Szado, E. Schneeweis, T. (2010) Loosening Your Collar - Alternative Implementations of QQQ Collars. Journal of Trading.(5), 35-56.
Szado, E. Schneeweis, T. (2010) Madoff: A Footprint in the Returns. Journal of Alternative Investments.(12), 7-19.
Szado, E. Gupta, R. Kazemi, H. Redefining Hedge Fund Alpha and Risk Exposures after the Financial Crisis. .
Szado, E. (2009) VIX Futures and Options - A Case Study of Portfolio Diversification During the 2008 Financial Crisis. Journal of Alternative Investments.(12), 68-85.
Szado, E. Kazemi, H. (2009) Collaring the Cube: Protection Options for a QQQ ETF Portfolio. Journal of Alternative Investments.(11), 24-42.
Szado, E. Schneeweis, T. Gupta, R. (2008) Benefits of Private Equity . Journal of Alternative Investments.(9), 27-35.
Szado, E. Gupta, R. (2008) Hedge Fund Legal Structures and Their Impact on Performance. ISI Publications
Szado, E. Gupta, R. (2008) Hedge Fund Legal Structures and Their Impact on Performance. Alternative Investment Quarterly.(27), 23-37.
Szado, E. Gupta, R. Spurgin, W. (2008) Performance Characteristics of Hedge Fund Replication Programs. Journal of Alternative Investments.(11), 61-68.
Szado, E. Schneeweis, T. Gupta, R. (2008) Benefits of Commodities. Investments & Wealth Monitor.(March/April), 14-24.
Szado, E. Kapadiaj, N. (2007) The Risk and Return Characteristics of the Buy-Write Strategy on the Russell 2000 Index. Journal of Alternative Investments.(9), 39-56.
Selected Presentations:
Shafer, M. Krolikowski, M. Szado, E. Malm, J. AIBNE 2023 Conference. Academy of International Business U.S. Northeast Chapter, Providence, RI - "Corporate Class Action Litigation Risk and the Choice of Environmental, Social, and Governance Practices" October, 2023
Szado, E. Moran, M. CFA QWAFAFEW NYC. CFA Society of NYC, New York, NY - "New Studies on Options for Managing Volatility, Enhancing Income, Using the VIX Index and Sentiment Indicators" May, 2019
Szado, E. Options Industry Conference - OIC Academic Study on the Impact of Options Strategies on Endowments. Options Industry Council/Options Clearing Corporation, Doral, Miami Florida - " OIC Academic Study on the Impact of Options Strategies on Endowments" May, 2019
Szado, E. Options Industry Conference/ OIC Roundtable Meeting - By Invitation. Options Industry Council/Options Clearing Corporation, Doral, Miami Florida - "New Academic Research on Options Strategies in Endowments" May, 2019
Shafer, M. Szado, E. 2019 PCSB Research Summit. Providence College School of Business, Providence, RI - "Environmental, Social, and Governance Practices and Perceived Tail Risk " April, 2019
Szado, E. Cboe RMC US. Cboe, Naples Florida - "New Studies on Use of VIX Futures and Options, RVX Futures, and on Use of Options by Mutual Funds and ETFs" March, 2018
Szado, E. Gits, J. CAIA Chicago Presentation. CBOE, CAIA, PRMIA and Chicago QWAFAFEW, CBOE Chicago, IL - "Using Sentiment Analysis and the Volatility Risk Premium to Enhance Portfolio Returns" April, 2017
Szado, E. Moran, M. Baldwin, K. Swan CIO Summit. Swan Global Investments, Kimpton Hotel, Chicago IL - "Options as an Asset Class or Equity Alternative" April, 2017
Szado, E. Optionmetrics Research Conference. Optionmetrics, New York, NY - "Option-Informed Stock Picking" November, 2016
Szado, E. Sustainatopia. , Boston, MA - "Alpha and ESG ratings" November, 2015
Szado, E. Black, K. CBOE Risk Management Conference. Chicago Board Options Exchange, Carlsbad, CA - "Performance Analysis of Options-Based Equity Mutual Funds, Closed-End Funds, and Exchange-Traded Funds" March, 2015
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