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Helder Palaro

Summary

Helder Palaro is a quantitative researcher and investment professional with over 20 years of experience in systematic trading, volatility strategies, portfolio management and machine learning applications in finance. He holds a PhD in Finance and has worked in academia, institutional asset management and proprietary trading.

Professional Experience

Founding partner, Bayes Capital Management, London UK (2020-) (company based in São Paulo, Brazil)

Research. Developing systematic equity strategies across Brazilian and global markets, combining quantitative indicators, statistical modelling and machine learning techniques. Researching volatility trading strategies using futures and options, as well as multi-asset trend-following and alternative risk-premium strategies.

Palaro, H. (2021) Alternative models to portfolio selection in the Brazilian market.

Palaro, H. (2021) Applying the IPCA model in the Brazilian market.

Independent Systematic Trader, Monaco (2014-2020)

Developed and traded systematic strategies exploiting inefficiencies in global derivatives markets, including volatility arbitrage and adaptive risk-premium strategies. Strategies were implemented using exchange-traded futures and options across multiple asset classes.

Quantitative Researcher, Aquila Capital, Malta (2012-2014) (company based in Hamburg, Germany)

Research and development of the FundCreator risk management system, used by Aquila Capital's AC Risk Parity family of funds. The system monitored and controlled multiple portfolio risk parameters, enabling daily risk assessment and dynamic portfolio exposure adjustments to maintain a stable risk profile.

Quantitative Analyst, AHL, Man Group, London UK (2007-2011)

Worked within the volatility arbitrage team. Created strategies for volatility trading using options for several asset classes, such as equities, bonds, commodities and foreign exchange. Developed strategies for delta-hedging options minimizing transaction costs. Fitted volatility models for high-frequency data.

Embedded Systems Programmer, Stoneridge, Campinas, Brazil (1996-1998) Designed Microchip PIC machine-language software for car alarms, power windows and other automotive products.

Education

PhD in Finance, Bayes Business School (formerly known as Cass), City University, London UK (2004-2007)

Kat, H and Helder Palaro (2007) Replication-Based Evaluation of Hedge Fund Performance.

Kat, H and Helder Palaro (2006) Hedge Fund Indexation the Fundcreator Way: Efficient Hedge Fund Indexation without Hedge Funds.

Kat, H and Helder Palaro (2006) Tell Me What You Want, What You Really, Really Want! An Exercise in Tailor-Made Synthetic Fund Creation.

Kat, H and Helder Palaro (2006) Replication and Evaluation of Funds of Hedge Funds Returns, in Fund of Hedge Funds: Performance, Assessment, Diversification and Statistical Properties (eds: Greg Gregoriou), Chapter 3, Elsevier Press.

Kat, H and Helder Palaro (2005) Who Needs Hedge Funds? A Copula-Based Approach to Hedge Fund Return Replication ,

Kat, H and Helder Palaro (2005) Hedge Fund Returns: You Can Make Them Yourself! , Journal of Wealth Management 8, 62-68.

MSc in Statistics, State University of Campinas, Brazil (2002-2004)

Hotta, L K; Lucas, E C and Helder Palaro (2008) Estimation of VaR using Copula and Extreme Value Theory, Multinational Finance Journal 12 (3/4), 205-218.

Hotta, L K and Helder Palaro (2006) Using Conditional Copulas to Estimate Value at Risk, Journal of Data Science 4 (1), 93-115.

BSc in Statistics, State University of Campinas, Brazil (1998-2001)

Electronics Technician, Technical high school of Campinas, Brazil (1993-1996) Electronics, digital circuits, power engineering, telecommunications, control systems, signal processing, instrumentation.