Members of the Braverman family office, which oversees just under USD1 billion is considering using structured products. Steven Braverman, cio, said it is seeking general Standard & Poor’s Index exposure with potential upside, but no more than 10% risk to capital.
Braverman, who is also a managing director at customized derivatives consulting firm Tahoe Advisers, said it is interested in speaking with derivatives groups in part to educate the family members on what is available off the shelf and how it works and to ensure it is keeping up with the latest developments. Tahoe is independent of the family office though traces its roots to it. “Just because we have the capability to create…we could still go off the shelf,” Braverman said. “We want the newest, the best, the most cutting edge.”
