Cem Karsan

Cem Karsan is a volatility trader, derivatives expert, and the founder of Kai Volatility Advisors and Precision Capital Management. He currently serves as the founder and senior managing partner at Kai.
Regarded as a trader skilled at projecting market changes, he manages portfolios based on the first- and second-order Greeks, known as Charm and Vanna.
Karsan has spent his career building and implementing volatility strategies that involve buying call or put options in order to capitalize on increasing market volatility. Regarded as a trader skilled at projecting market changes, he manages portfolios based on the first- and second-order Greeks, known as Charm and Vanna.
==Early life and education==
Karsan was born in London and later spent his childhood in Turkey. His parents later shifted to Norway, Texas. Karsan studied at the Phillips Academy Andover preparatory school. He was interested in subjects like mathematics, economics, and public policy. To further hone his interests, Karsan enrolled at Rice University and triple majored in economics, public policy, and English. In the year 2002, he attended Northwestern University’s Kellogg School of Management to pursue a master's in business administration in analytical finance and management and specialty.
==Career==
After completing his graduation from Rice University, Karsan started working as a volatility trader as a part of RBC Dominion Securities in their Derivatives Arbitrage Group during the years 1999-2002. From 2002-2005, Karsan worked under the supervision of renowned Wall Street investor John Mulheren at Bear Wagner Specialists, wherein he undertook the expansion of the firm’s fledgling derivatives arbitrage business into a notable competitive force in the industry.
In 2006, Karsan along with a few other recognized people from the trading arm group of Bear Wagner Specialists, established Precision Capital Management, as his own proprietary firm. The firm specialized in establishing new methods of generating returns and gained industrial attention during the 2008 financial crisis.
After gaining experience in building industry-leading derivatives businesses for over a decade, in 2011 Karsan divested his stake at Precision Capital and founded Aegea Capital, a precursor to KAI Volatility Advisors.
Kai Volatility Advisors was founded in April 2011. The firm was established with the objective to focus on equity-focused relative-value long volatility and tail hedge funds. The firm specializes in providing analysis of directional flow indicators and using the information to embrace trend-following strategies in the volatility space. Karsan currently serves as the senior managing partner at Kai and is responsible for overseeing the management activities across the firm and is also the head of research and risk management.
==In the media==
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==References==
==External links==
* Official Website
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Category:American derivatives traders
Category:Managing Partner
Category:Rice University alumni
Category:Northwestern University alumni