July 29, 2009
By the 1990s, many hedge funds no longer resembled the classic long-short model created by Alfred Jones back in 1949. Instead, they used modern financial derivatives such as futures and options which didn’t exist back in the 1950s. With so many new hedging tools, the hedge fund universe exploded to as many as 4,000 different […]
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July 27, 2009
Hedging risk has been a part of financial markets for over two centuries. In the 1800s, commodity producers and merchants began using forward contracts to protect themselves against price changes, a system that’s still in place today. The actual term “hedge fund” is credited to Alfred Winslow Jones. In 1949, Jones was a reporter for […]
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