finccam at the Fundview Vola Day 2026
Volatility strategies as an attractive crisis investment?
One of the topics discussed was why crisis periods often represent a favorable entry point for volatility strategies. Uncertain market environments tend to lead to higher volatility risk premia due to increased demand for hedging. This effect can be observed not only during the crisis itself, but also over an extended period thereafter, which is why volatility strategies typically achieve significantly above-average performance following crisis phases.
In addition to strong performance after crises, a volatility strategy should also perform well in sideways markets or slow-moving bear markets in order to provide attractive diversification relative to traditional equity and fixed-income investments. A key prerequisite for this is minimizing directional equity exposure (“beta” or “equity delta”) in the implementation.
This is precisely where the finccam volatility strategy differentiates itself from many other short-volatility concepts, as illustrated by the performance of the finccam Volatility Premium Fund (ISIN: DE000A2JQK19) during the Iran war in 2026 as well as during the 2022–2023 market phase.
Tail risk management as a mandatory discipline
For most volatility managers, tail risk management is a major focus. Hedging via VIX options has now become the industry standard. However, finccam goes two steps further beyond this standard approach to risk management. Implementing the volatility risk premium through so-called variance swap caps, combined with intraday delta hedging, helps to further mitigate potential losses during extreme market stress phases and results in a lower equity beta compared to the peer group. The advantages of this strategy are particularly evident during prolonged periods of weak equity markets.
You can find the Vola Day interview with Daniel Krause and Tim Habicht here:
https://fundview.media/vola-day-2026/finccam-video.html
Many thanks to all participants, and especially to Fundview and Tim Habicht, for the engaging and open discussion on volatility investing!