US - Derivatives that pensions can use to dampen the long-term volatility of their US equities holdings have hit extremely high levels recently, after US legislation caused extreme supply/demand imbalances.
Hedge funds investing in volatility for profit say the present anomalous levels could persist, providing long-term opportunities for their trading programs. One hedge fund manager Global Pension...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date