(즉 주가지수)이 무형자산이어서 매도가 불가능하기 때문에 반대매매에 의한 차액현금 결제에 의해 정산된다. 이러한 선물거래는 크게 헷지 거래(hedge trading)와 투기 거래(speculation trading)으로 구분된다. 헷지거래는 현물상품의 선물시장을 통해 현물시장의 가격변동위험을 회피하는 것인데 반해
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
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
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 presents the currency forward trades in late 2010.
(In Millions of KRW) Assets Liabilities Valuation gains Valuation losses
Currency forward 34,458 24
trade and pay back the yen loan.
II. 1. (2) Broad meaning
Not only foreign investors and Hedge fund, Japanese people and institutional investors (including banks) tend to sell Yen, which has lower profit rate. By using invest experts, they buy foreign bonds. It also contains FX margin trading.
The broadest meaning of Yen carry trade is that central banks of each country are reducing t