Placid Sound Capital Management manages assets for institutional clients like pension funds. The firm constructs diversified portfolios by selling put options, analyzing prices, and selecting options based on risk-return analysis. Placid Sound has discretionary trading authority over client assets, allowing them to buy and sell securities. Clients hold assets in separately managed accounts with their own custodians.
Placid Sound charges an annual fee based on the value of your portfolio, ranging from 1% to 2%. The exact fee is negotiable and depends on factors like the amount of assets managed and any trading restrictions you impose. Fees are calculated quarterly based on the average portfolio value during the quarter.