Hedge fund investors get creative with tail hedges

Taming the tails

long-tail-whale

Nassim Taleb, author of The Black Swan, often likens the fate of developed economies to an airplane with central bankers as the pilots. The central bankers crashed the plane in 2008, he says, but rather than replace the pilots, governments gave them a larger, more complicated plane to fly.

The pilots now have to execute a perfect landing in heavy fog on a tiny runway with the mountains of inflation on one side and an ocean of deflation on the other. It is no wonder investors strapped into the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: