Sentences with phrase «for dynamic hedging»

I understand the rationale for dynamic hedges because of how currencies behave — they tend to follow trends.

Not exact matches

The appetite for various hedge fund strategies among family offices is dynamic and strategies fall in and out of favor on an on - going basis, the organization said in a statement.

An Analysis of the Implications for Stock and Futures Price Volatility of Program Trading and Dynamic Hedging Strategies: Sanford J. Grossman.

This was one of the rationales for constructing the S&P 500 Dynamic Gold Hedged Index.

For US Dynamic Hedging clients during the quarter, hedging returns in the programmes were negative, as the US dollar weakened against the weighted basket of hedged currHedging clients during the quarter, hedging returns in the programmes were negative, as the US dollar weakened against the weighted basket of hedged currhedging returns in the programmes were negative, as the US dollar weakened against the weighted basket of hedged currencies.

While Scenario II only uses prospective CAGRs which are 50 % of Record's actual FY - 2012 / 2016 growth / decline rates, except no change in dynamic hedging & currency for return fee rates is assumed — resulting in future revenue of # 29.9 million & a 4.71 p EPS.

And Scenario III & IV obviously map out more aggressive scenarios — notably, dynamic hedging & currency for return AUME growth is assumed — you may (or may not) deem these unlikely scenarios.

And in reality, Record's relatively indifferent when it comes to pitching / winning mandates — since larger passive hedging mandates often mean any potential fee gap (vs. dynamic hedging / currency for return mandates) is much smaller in revenue terms.

Now, while I believe there's a low probability of negative 5 year returns, these scenarios shouldn't necessarily imply highly asymmetric upside potential's on offer either... Of course, that will depend on the specific odds you attach to the likelihood of each scenario actually occurring — Scenarios III & IV may require an improved macro / FX environment, a stabilisation / turn - around in dynamic hedging & currency for return, and / or a possibly more aggressive new business approach.

Since Record's IPO, dynamic hedging & currency for return AUME plunged 71 %, while management fee rates declined over 40 %, on average.

The resulting collapse / convergence in global interest rates & spreads, the implacable compression & decline in volatility / momentum, the restriction / regulation of banks» proprietary risk, numerous FX scandals, the replacement of human traders by algo - trading, the near extinction of FX & macro funds, all served to disrupt and suppress currency for return & dynamic hedging strategies.

During the initial post-crisis FY - 2009 / 2011 period, dynamic hedging & currency for return AUME dropped 55 %, but the resulting revenue collapse was partly mitigated: i) as clients regrouped from currency for return into dynamic hedging & then passive hedging (down just 14 %), and ii) management fee rates held up well (clients were otherwise distracted).

How do we know dynamic hedging & currency for return fee rates / AUME declines won't continue to offset the impact of passive hedging AUME growth, thereby implying a static revenue & earnings trajectory?

FY - 2017 introduces a new Multi-Product category to reclassify existing / future mandates which have both dynamic hedging & currency for return objectives.]

Make sure you read and understand the Product Disclosure Statement (PDS) or the prospectus for an investment to find out how the guarantee or protection is provided (for example, by a bond and a call option or by dynamic hedging).

Record has historically reported AUME and management fees between four core products, being Dynamic Hedging, Passive Hedging, Currency for Return and Cash and other.

During the year, mandates for our UK - based Dynamic Hedging clients performed as expected in terms of allowing clients to benefit from periods of strengthening foreign currencies, whilst being protected against periods of weakening foreign currencies.