RP Vega becomes RP Gamma

German investment firm RP Crest will rename its volatility fund “RP Vega” to “RP Gamma” on 15 September 2017. RP points out that gamma risk is the main risk of strategies that harvest the difference between realized and implied volatility. With the RP fund’s main focus on the management of these gamma risks, RP wants to achieve a higher congruity between the purpose of the fund and its name. The fund currently has EUR 598.8 million in assets under management.

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