our team.

Cem Karsan


Cem is the Founder and Senior Managing Partner of KAI Volatility Advisors. He is responsible for firm-wide management, as well as its 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.

Matt Marneris

Portfolio Manager, Co-CIO

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. 

Thomas Bird

Senior Quantitative Analyst

Tom studied Nuclear Engineering and Physics at the the University of Wisconsin and was a Ph.D Researcher at the Max Planck Institute for Plasma Physics in Greifswald, Germany. Before coming to KAI, Tom was a lead Quantitative Researcher at Centurion Investment Management.

Patrick Duffy

Head of Operations

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 for the Atlanta Braves for 7 seasons.

Chris Lambrou

Head of Investor Relations


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