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Dave Jilek is the chief investment strategist of Gateway Investment Advisers. Gateway Investment AdvisersDave Jilek is the chief investment strategist at $9.6 billion Gateway Investment Advisers. In an interview, Jilek lays out the lingering concerns that are keeping the VIX at above-average levels. He also shared a strategy for investors to take advantage of the widening volatility risk premium. Visit Business Insider’s homepage for more stories. It has been a tale of two cities for the US stock market and the CBOE Volatility Index.   Despite the market’s continued rally towards record highs, the VIX, which is popularly referred to as Wall Street’s fear gauge, has remained steadily above its long-term average of 19.3 points. The VIX and S&P 500 tend to move in opposite directions because the demand to hedge future volatility falls as stocks rally and vice versa. Meanwhile, it was hard not to notice that the VIX had plunged to a relatively low level of 21.89 as of midday Wednesday compared to its peak of 85 last March during the depths of the coronavirus-induced market crash.  “The VIX is a forward-looking pricing of volatility, so even though markets have been advancing, there are still multiple risk factors

Elad Gil Patrick T. Fallon | Bloomberg | Getty Images In 13 years as a start-up investor, Elad Gil has backed some of the era’s biggest tech breakouts, such as Airbnb, Instacart, Stripe and Square. He also co-founded genomics company Color, drawing on his Ph.D. in biology and previous work in virology labs. Late last year, before optimistic vaccine news started rolling out from Pfizer and Moderna, Gil combined his science expertise with his start-up success to scout out his next investment. He was projecting that the developed world would be mostly through the Covid-19 crisis by late 2021, so he started looking for businesses hurt by the pandemic that were poised to rebound sharply on the other side. Other than Airbnb, which was already in his portfolio, the next best bet he found was TripActions, a developer of travel and expense management software. TripActions cut hundreds of jobs in March amid a massive cutback in corporate travel. Gil, who previously worked at Google and later ran corporate strategy at Twitter, saw the company positioning itself to capture market share when the economy reopens. Gil connected with

Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks. The Baupost chief compared investors to “frogs in water that is slowly being heated to a boil.” Klarman added that Tesla stock has surged “seemingly beyond all reason.” Visit Business Insider’s homepage for more stories. A billionaire investor heralded as “the next Warren Buffett” blasted the Federal Reserve and Treasury in a private letter this week, accusing the duo of disrupting the stock market and putting investors at risk. Seth Klarman told clients of his Baupost hedge fund that investors are behaving as if risks have “simply vanished” due to rock-bottom interest rates and wave after wave of government stimulus, the Financial Times reported. Read more: Bubbly behavior is brewing in markets and Big Tech is reeling from 2 major political events this month – Three investing heavyweights that jointly manage almost $1 trillion break down the impact on these stocks and how to position Federal interventions to buttress growth and reduce unemployment have also made it tricky to assess the economic health of the country, Klarman said. “Trying to figure

HAMILTON, BERMUDA, January 21, 2021 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced that it has entered into agreement to acquire two VLCCs built in 2016 at DSME (Daewoo) for a total of USD 136 million. The vessels are scheduled to deliver during the first half 2021. The Company will finance the acquisition with available liquidity and projected mortgage debt hence it is expected to be accretive to DHT’s earnings per share. The vessels were built to high specifications by their current owner and are fuel efficient, scrubber fitted Eco-designs that will further improve the DHT fleet’s efficiencies, amongst others its Annual Efficiency Ratio (AER) and Energy Efficiency Operational Index (EEOI) metrics. About DHT Holdings, Inc. DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination