Es lebe die Varianz
Trotz der großen Verluste bei Varianzswapgeschäften Mitte 2006 nutzen die Händler exotischere Instrumente für eine günstigere und ihren individuellen Bedürfnissen besser entsprechende Exponierung gegenüber Volatilität - doch auf der Käuferseite gibt es auch Skeptiker
Die volatilen Aktienmärkte im Mai und Juni 2006 führten bei den Händlern für Varianzswaps zu Panik. Bei der Marktwertbewertung erlitten die Prop-Desks, Hedgefonds und Real-Money-Manager Verluste in Millionendollarhöhe, die die Probleme der Verwaltung exotischer Aktienrisiken offenkundig werden ließen. Aber statt einen Bogen um Varianzswaps zu machen, nutzen einige Investoren eine neue
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