Andbank reported on its strategic alliance with the investment house of Israel “Sigma” (Sigma Investment House) by acquiring 60% of the company’s business. The Chairman of the Board of Directors of investment house “Sigma” is Dan Galai is one of the founders of VIX.
VIX is a trademarked ticker symbol for the CBOE Volatility Index, a popular measure of the implied volatility of S&P 500 index options; the VIX is calculated by the Chicago Board Options Exchange (CBOE). Often referred to as the fear index or the fear gauge, the VIX represents one measure of the market’s expectation of stock market volatility over the next 30-day period. The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Professor Menachem Brenner and Prof. Dan Galai in 1986.
The investment house specializes in solid investments by utilizing information about the companies, the methodology, the experience and the knowledge accumulated at Sigma throughout the years under the professional guidance of Prof. Dan Galai.
Sigma manages hundreds of investment portfolios for private clients and companies, as well as trust funds. The company manages an overall sum of approx. NIS 2.5 billion.
The entrance to the financial market of Israel through investment house “Sigma” is a part of the strategy of Andbanс, based on geographic diversification.