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As much as I want to, my firm's structure and the relationship dynamic with the client would simply not allow this. Doing an IC for my own benefit is another story, but I need a 3rd party for this deal.

What are some examples of how a good manager would define and manage risk?

Again, this is not an option (no pun intended) for a whole host of reasons.

Can anyone recommend a manager that runs an Iron Condor strategy? I’m looking to implement this strategy as part of an allocation for a high net worth client. I came across one hedge fund, but they are a bit small and they are charging 1 and 20. My firm cannot do this in-house. What are...