Cem Karsan is the founder and CIO of Kai Volatility Advisors. He is responsible for portfolio construction, firm-wide management, and is the head of research and risk management. 

Cem formed Kai Volatility Advisors after over two decades of experience building industry-leading derivatives businesses. At its peak, during the Great Financial Crisis, Mr. Karsan’s proprietary market-making firm, Precision Capital Management, represented approximately 13% of the daily volume of S&P 500 Options. In 2010, he divested his stake in Precision Capital to found his investment management firm, now Kai Volatility Advisors.

Cem holds a bachelor's degree from Rice University with a triple major in Mathematical Economic Analysis, Policy Studies & English. He also has an MBA from Northwestern University’s Kellogg School of Management, with an emphasis in Analytical Finance and Management & Strategy.

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