1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t
1. What is Hedge Funds?
Definition
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets.
Characteristics
A diversified portfolio of uncorrelated funds
May be widely diversified, or sector or geographica
fluctuations will change the value of a contract
before it is settled. Transaction exposure is also called transaction risk.
Briefly, Transaction exposure is negative influence upon Dell Mercosur`s cash flow.
In order to hedge transaction exposure, Dell Mercosur is using forward contracts. Before finding
out how the strategy works, let’s take a look at what forward contract is.
hedging activities
In accordance with its risk management policy, the Company uses derivative instruments, primarily forward exchange contracts, to hedge foreign currency exchange rate risks regarding foreign assets and liabilities. In other words, a foreign branch buys or sells currency forward products about 6 months before expired through the bank for risk aversion. The following table pre
hedging
JP 모건의 문제는 바트화에 대한 투자 규모가 너무 커서 팔고 싶어도 팔 수가 없다는 것이었다. 그래서 다음과 같은 전략 사용.
(1)TRS: 선물+옵션의 형태. 이를 이용하여 JP MORGAN은 바트가 폭락해도 TRS에서 돈을 벌 수 있었다. (PPT 참고)
(2)한국 기업 탐색: 당시 세계화의 열풍이 불고 있던 우리 나라
□ MGRM
- 1881년 빌헤름 메르통에 의해 설립
- 약 5만 8천명의 직원을 거느린 대기업
- 독일에서 14번재로 큰 국제적 화학제조 그룹
- 석유제품 마케팅 / 비철금속과 원유를 거래함
- 주수익 : 선물계약의 매도와 계약성사의 관리
◦ MG Refinery and Marketing(MGRM)
∙ MG의 미국 현지 자회사
∙ 주유
About GM
General Motors Company (NYSE:GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the follow
Ⅰ. 개요
생산자측면에서 가격파괴가 일어나기 위해서는 동일한 제품을 다수의 경쟁자가 생산하고 생산업자간에 가격담합이 이루어지지 않으며, 생산자가 유통경로상의 가격독점권을 갖고 있지 않아야 한다. 생산자가 소비자에게 차별화된 고품질의 제품을 생산하는 경우, 생산자는 고품질의 대가
1, Fan culture of idol singers
1) Overall fan culture of idol singer in Korea
Korean idol culture is shorter than Japanese idol culture. In Japan, idol singer existed in 1960s, so idol fandom and fan culture of idol are set in Japan. But in Korea, H.O.T. who is made by SM Entertainment in 1990s is representative idol singer. They had got a lot of popularity from teenagers and contributed g
I. Introduction
1. Purpose of the Project
The purpose of this our group was to analyze two similar hospitality companies by using tools learned in accounting class. Based on annual reports of two companies, our group members learned how the terms learned in class is actually used in the report. We hope to understand how certain variation affects accounting items and identify why certain does