Our Team

Cem Karsan

CIO, Managing Principal

Cem is the Founder and Senior Managing Partner of Kai Volatility Advisors. He is responsible for firm-wide management, as well as the Head of Research and Risk Management. Cem triple majored in Economics, Policy Studies, and English at Rice University and holds an MBA from Northwestern University’s Kellogg School of Management.

Dax Rodriguez


Dax’s journey into the financial industry started after graduating from the University of Illinois at Chicago with a degree in Information Decision Sciences. While Data Scientists focus on finding insights, Decision Scientists look to find insights to solve a specific business problem. This background has influenced his career to always utilize data as a tool to make informed decisions. He has held various leadership positions at global derivatives exchanges, brokerage houses, proprietary trading firms, and fintech startups where he helped accelerate growth and streamline operations.

Eric Elvambuena


Eric is responsible for overseeing the design, development, and maintenance of the firm’s technology, including front-end analytics, research engines, network infrastructure, as well as back-office, and middle office applications across the organization. He’s a senior engineer with a storied career of leadership within the trading world, having built one of the leading algorithmic trading firms from the ground up. In 2006 as the seventh employee of Eagle Seven, he scaled the IT infrastructure of the organization and steered the ship for the development team and technological vision of the firm, including leading the build-out of their Asia office and expanding their international presence. As a partner at Eagle Seven he reported directly to the executive team and lead a team of developers, architecting, designing, and implementing cutting-edge trading engines and applications for over 13 years, overseeing the firm’s growth from 7 to well over 100 employees. Eric attended Purdue University, where he graduated with a BS in Mechanical Engineering.

Da Lin

Senior Quantitative Research Analyst

Da received his Bachelors in Information Systems Management at Shanghai University of Finance and Economy and a Masters in Mathematical Finance from Illinois Institute of Technology. Previously, Da worked as a Quantitative Trader at a prop trading desk of a top-tier crypto unicorn. In addition, Da worked as a Quantitative Analyst for Aegea Capital, developing its system architecture and maintaining the firm's infrastructure.

Matt Marneris


Matt studied Economics and Finance at the University of Illinois and holds an MBA from DePaul University's Kellstadt School of Business. Before Kai Matt was Head Risk Manager at Geneva Capital Investments, an equity index market-making group primarily focused on SPX options. 

Patrick Duffy

Head of Marketing

Patrick studied Economics and Finance at Georgia State University. After college, he spent 9 years building a visual content marketing agency in Atlanta before moving to Chicago in the summer of 2021. Patrick loves sports and photography, serving as the team photographer and visual content creator for the Atlanta Braves for 7 seasons.

Chris Lambrou

Head of Investor Relations

Chris is responsible for all investor communications, public relations, and business development. Chris majored in Economics at the University of Wisconsin. He previously ran his own digital marketing agency.


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