Hedge Funds

Market makers launch Trilogy volatility arb fund


Trilogy Investment Partners, the managing member of Trilogy Investment Advisors, will roll out its first hedge fund in June. The San Francisco-based fund manager was recently started by a trio of market makers and former option floor traders on the Pacific Stock Exchange, Peter Eberle, Maria Adair and Matt Hegarty. Trilogy will employ an option volatility arbitrage strategy.

Peter Eberle, Maria Adair and Matt Hegarty, Triology

The investment strategy will focus not only on the arbitrage of option volatility in different options within the same equity, but also arbitrage between highly correlated issues. The fund