Mark Richardson is a Portfolio Manager at Janus Henderson Investors. He joined Henderson in 2015, prior to which he was an equity derivatives strategist at Deutsche Bank. Before this, Mark worked in academia. He focuses on the research, design, and implementation of a number of the desk’s quantitative investment strategies.
Mark has a BSc degree in mathematics from Imperial College London and an MSc in mathematical modelling and scientific computing and a DPhil in numerical analysis, both from the University of Oxford. He has 8 years of financial industry experience.
In normal circumstances, the pricing of currency options should reflect, to a good extent, the probability of political upsets, particularly if those upsets have obvious macroeconomic implications. Here, Mark Richardson, and Steve Cain, fund managers in Henderson’s Multi-Strategy Team, examine why, in the run-up to the French presidential election, this does not appear to be the case for EURGBP (the price of euros measured in sterling).
In this series of views from Henderson’s Multi-Strategy team, Fund Managers Steve Cain, Mark Richardson and Aneet Chachra examine the extent to which ‘Brexit’ is priced into currency options and betting markets.