bios

Michael Schmanske, Founder and Portfolio Manager
Michael Schmanske founded Glenshaw Capital after leaving Barclays Capital in January 2012.  While at Barclays, he was a Managing Director and the head of index volatility trading.  Prior to Barclays Capital, Michael was the head of US index volatility trading at Lehman Brothers.  During his eight years at these firms, Michael built a volatility trading platform that became the largest volatility trading desk in the financial services industry.  To maintain dominance in the equity volatility market and to manage the risk profile of the portfolio, Michael and his team developed a unique trading strategy. The process utilized proprietary theoretical pricing models for the VIX, skew and the volatility of volatility and introduced a cross-asset approach to risk management.  Building on this market leading experience in the VIX, Michael oversaw the launch of the volatility asset class platform which includes the iPath volatility ETNs (VXX and VXZ).

Michael began his trading career in 1996 as a market marker for Susquehanna International Group on the CBOE after earning a BS in aerospace engineering from MIT and a M.S.E in mechanical and aerospace engineering from Princeton University. In 1998, he became the lead trader and risk manager for high-cap index derivative products. Currently, Michael serves on the board of directors for the CBOE Futures Exchange.

Jeremy Attali, Chief Risk Officer
Prior to joining Glenshaw Capital, Jeremy had been a Derivatives Trader for the Volatility and Correlation fund of Paloma Partners, a leading multi-strategy hedge fund with approximately two billion dollars in assets under management. While at Paloma Partners, Jeremy built a risk management and quantitative strategies platform focused on trading volatility as an asset class. Jeremy was formerly a Risk Manager at Barclays Capital for the Volatility and Dispersion desks (2010 to 2011) and a Junior Index Volatility Trader at Merrill Lynch (2007-2009). Jeremy is experienced at building profitable platforms through a consistent and innovative quantitative focus on the markets and the economy.

Jeremy holds several Master of Science degrees including Financial Engineering from Columbia University; General Engineering from Ecole Centrale Paris; and Financial Mathematics from the "Universite Pantheon Sorbonne". He holds Series 3, 7 and 63 licenses.