Miller Tabak plans new asset-management subsidiary

FWR Staff

23 October 2006

Trading firm hires Write Capital founder Haslett to run option strategies. Institutional trading firm Miller Tabak has appointed Walter Haslett as director of option analytics. He'll be running a new asset-management affiliate for Miller Tabak that will specialize in designing option strategies for institutional and ultra-high-net-worth private clients.

Haslett used to be president and CIO of Mount Laurel, N.J.-based Write Capital, a covered-call writing firm and options consultancy. That firm, which Haslett founded, folded earlier this year.

Bombarded

According to Haslett, Write Capital is the direct inspiration for the new Miller Tabak Asset Management. "I am creating a money management firm just like Write Capital," Haslett writes in an email to FWR.

Miller Tabak says investors are bombarded with diverse information from a multitude of sources. "With MT's network of traders, clients have up-to-date, accurate and relevant information on changes that occur in stocks, options, futures and bonds, giving clients a significant competitive edge in changing market conditions," the trading firm says in a written statement. "Especially in times of market volatility, MT's unbiased market overviews, recommended hedging strategies, and information flow can help clients make wise investment decisions."

Haslett says he started out consulting with Miller Tabak on its investment-management initiative a few months ago and became a staffer "just recently."

Haslett is a past president of the CFA Society of Philadelphia and serves named chairman of the derivatives committee for the New York Society of Security Analysts.

New York-based Miller Tabak has specialized in stock purchases and sales, portfolio rebalancing and listed options since it was founded in 1982. -FWR