Harvesting value from volatility

Karlheinz Muhr is full of colourful ways to describe his business. He is chairman and founding partner of Volaris Advisors, which dubs itself an equity-options strategy firm. Essentially what it offers is the ability, as Muhr puts it, “to harvest the volatility of stocks which you already own”.

His firm is at the forefront of putting volatility on the map as an asset class. “If you ask people whether volatility is good or bad, a liability or an asset, chances are that 90% of them will tell you it’s a liability and it’s bad,” he says.