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Special Report on

The return of tail risk

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Risk has always been something that people associate with hedge funds. Clearly there is risk attached to any investment product and hedge funds are no worse or better than most other assets. This is the Hedge Fund Risk course in the market that will help you understand the risks inherrent in using hedge funds and will provide practical strategies to reduce your exposure.  Attend this course and learn: the differences between hedge fund investment risk and traditional investment risk the key risk implications resulting from the credit crunch how to use diversification as a risk management tool why many funds need to overhaul ...
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ETF DAILY NEWS » How To Hedge Tail Risk With The VIX (NYSE:VXX ...
about whether it is possible to hedge tail risk, and I wholeheartedly agree with the data he cites. It shows that of eight major asset classes, only volatility and managed  futures offer genuine non-correlation to market returns. In fact, I’ll go a step further: I’m not that enthusiastic about the benefits of managed futures, at least in their current form. As a registered commodity trading advisor, I’ve seen the sorts of strategies that most of my peers are using, and I think it’s safe to say that “managed futures” would be better classified as “long/short trend following.”  Trend following is a fine approach, and is certainly ... market research, surveys and trends
Is it possible to hedge tail risk? | Analysis & Opinion |
Pine River Capital Management has just launched a new hedge fund. You’ll like the fee structure: there’s no incentive fee at all, which makes for a welcome change from the standard structure where the fund manager takes 20% of the profits. But you might not like the performance: it’s designed to lose between 12% and 18% per year playing in the options market. Why would anybody invest in such a product? As insurance: the idea behind the fund is that it will soar in the event of extreme market chaos. It’s a productized form of tail risk hedging, and it gives a pretty good indication of how difficult and how ... market research, surveys and trends


IMF Survey: Recession Loosens Grip But Weak Recovery Ahead
he global economy is beginning to pull out of a recession unprecedented in the post–World War II era, but stabilization is uneven and the recovery is expected to be sluggish, according to the IMF’s latest forecast. Economic growth during 2009-10 is now projected to be about � percentage points higher than forecast by the IMF in April, reaching 2.5 percent in 2010, according to the World Economic Outlook Update , published on July 8. Among the major economies, growth rates have been marked up mainly for the United States and Japan. “The good news is that the forces pulling the economy down are ... industry trends, business articles and survey research
Dubai's $59 Billion Default Sends Tremor Through Global Financial ...
ubai’s announcement on Wednesday that it would be delaying by “at least” six months the maturity date of $59 billion in bonds issued by the city-state’s largest state-owned company, Dubai World, has sent global shares tumbling. The market reaction to Dubai’s massive debt default is partly explained by the exposure of European and Asian banks to DP World and its tourism subsidiary, Nakheel. The real reason for the falls, however, is that Dubai’s apparent insolvency confirms that default by hyper-indebted government borrowers is now a real risk right across the globe, especially in the Middle ... industry trends, business articles and survey research
Should Individuals Try to Hedge Tail Risk?
the other day asking if it is possible to hedge tail risk. For the purposes of this post, tail risk refers to very extreme outlying events that cause meaningful disruptions in capital markets. Felix also provided a link to this article with detail about a manager coming out with a hedge fund aimed at hedging tail risk. Per the second link, the fund will not charge an incentive fee because the fund's objective is not to generate alpha. Not trying to generate alpha is a fascinating concept. The question of whether or not individuals need this sort of thing or what the realistic objective should be makes for good ... market trends, news research and surveys resources
DC Tests New Ways To Pay For Parking
D.C. Mayor Adrian Fenty is tapping a prosecutor in the D.C. Attorney General's office to take over the District's juvenile justice agency. Former Deputy Attorney General Robert Hildum replaces Marc Schindler as the new interim head. Fenty says Schindler's six month appointment was wrapping up and a new director was needed. It's been a turbulent year for the District's Department of Youth Rehabilitation services. Two high profile incidents, the drive-by shooting on south capitol street and the murder of D.C. middle school principal, have focused scrutiny on the agency and raised questions about whether ... market trends, news research and surveys resources


Caught by the tail: Tail risk neutrality and hedge fund returns
May 19, 2006 ... particular show significant evidence of tail risk exposure. Not only is the probability of a significant fund return drawdown negatively ... technology research, surveys study and trend statistics
FRB: Speech--Mishkin, Monetary Policy Flexibility, Risk Management ...
In my remarks today, I would like to consider the rationale for greater flexibility in monetary policy during periods of financial disruptions. Before doing so, however, I would like to make not just one, but two important disclaimers. First, as usual, my remarks reflect only my own views and are not intended to reflect those of the Federal Open Market Committee (FOMC) or of anyone else associated with the Federal Reserve System. And second, my comments today should not be viewed as suggesting what policy actions I would be likely to advocate at the next FOMC meeting; rather, my purpose here is to discuss at a general level what ... technology research, surveys study and trend statistics
Hedge Fund Tail Risk
Aug 24, 2007 ... 3 Identifying Tail Factors. Having established that Value-at-Risk of hedge fund style i or of banks increases when the return of style j is ...
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Value at Risk | LinkedIn Answers | LinkedIn
Given some confidence level α Є (0,1) the VaR of the portfolio at the confidence level α is given by the smallest number l such that the probability that the loss "L" exceeds "l" is not larger than (1 − α). VaRα = inf{l Є R : P(L > l) ≤ 1 – α} = inf{l Є R : FL(l) ≥ α} as explained in: Hope this helps. cheers posted 2 months ago Sales Director at Logical Information Machines see all my answers To calculate VaR using only historical data you don't have to do very much. Simply find the historical daily ...
WikiAnswers - What type of risk occurs because the government ...
There is always a risk that a government could pass laws that would affect an investment. In fact, most laws have some bearing on financial matters to a greater or lesser extent. The word 'investment' is often understood as being the purchase of stocks and shares, i.e. investing on the stock market. But there are other types of investments, e.g. starting a new business in the hope of making profits buying some land or capital asset in the expectation of an increase in asset values, over time, in excess of inflation. Types of legislation that would affect an investment: Changes in tax regimes relating to investments, ...