MILLBANK DARTMOOR PORTSMOUTH
The premier provider of efficient, liquid derivative strategies.
Prior to founding MDP Dennis was a Partner/Portfolio Manager at Harvest Volatility Management where he developed multiple option strategies. Total AUM in these strategies was over $950M in assets.
Dennis was the Head of Americas Equity Derivatives for Credit Suisse and Macquarie Bank where he had responsibility for all aspects of trading and risk management from proprietary trading, automated market making, exotics, corporate, LATAM, and flow trading (both index and single stock), a group encompassing over ten billion dollars of the bank’s capital. While at Credit Suisse, Dennis helped develop the firm’s structure on integrating all the above products under one common risk mandate.
The Credit Suisse Fear Barometer (CSFB) created by Dennis in 2008 is a way to measure put demand in the marketplace and thus a strong indicator of the desire for downside protection which can be interpreted as fear of a market correction. This tool is still an integral part of many derivative research pieces written today.
As an original member of Wolverine Trading in the SPX pit on Chicago, he learned the value of liquidity, and how to adapt to changing markets and innovate inside the old ones. Dennis has been a guest writer for the popular volatility column “Strike Price” in Barron's and has often been invited to provide market color and option commentary on television.
Prior to founding MDP, Mike was the Co-founder of Stream Asset Management, a Red Bank, NJ long/short equity Hedge Fund.
Mike has been a source for Bloomberg, The WSJ and CNBC on air and in print on topics regarding ETFs, Financing and market trends.
Mike spent a combined 11 years at Morgan Stanley and Credit Suisse. He eventually led the US Program Trading desk at Morgan Stanley while at Credit Suisse he created the Delta-1 business which combined elements of program trading, swaps and ETFs.
Prior to working in the US, Mike first started his career on Wall Street in the proprietary trading group at Kidder, Peabody trading index arbitrage in Tokyo and Osaka, Japan.
Mike has been involved in Derivatives, Program Trading and Financing for over 30 years.
Mike Graduated cum laude from Princeton University.
Richard Tavoso was a Managing Director at RBC Capital Markets, Head of the Global Arbitrage & Trading Division and a member of the Capital Markets Operating Committee. Over his 20 years at RBC, he was responsible for running the firm’s proprietary trading division and oversaw the Central Funding Group which offered secured balance sheet funding solutions to clients. Richard has previously served as the President of Galaxy Digital from its inception until December 2018. Earlier in his career, Richard spent 7 years at Kidder Peabody, where he built and managed the Tokyo equity derivatives group. He holds a degree in History from Princeton University.
Michael Novogratz is the Founder, CEO and Chairman of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Prior to Fortress, Mr. Novogratz spent 11 years at Goldman Sachs, where he was elected Partner in 1998. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 – 2015. Mr. Novogratz serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. He also serves as the Chairman of Hudson River Park Friends, and sits on the boards of NYU Langone Medical Center, the Princeton Varsity Club, Jazz Foundation of America, and Artists for Peace and Justice. Mr. Novogratz received an AB in Economics from Princeton University, and served as a helicopter pilot in the US Army.