hedging

Definitions

  • Thorn hedge
    Thorn hedge
  • WordNet 3.6
    • n hedging an intentionally noncommittal or ambiguous statement "when you say `maybe' you are just hedging"
    • n hedging any technique designed to reduce or eliminate financial risk; for example, taking two positions that will offset each other if prices change
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Century Dictionary and Cyclopedia
    • n hedging The process or work of making or trimming hedges.
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Chambers's Twentieth Century Dictionary
    • Hedging the work of a hedger
    • ***

Quotations

  • Thomas Fuller
    Thomas%20Fuller
    “Though bachelors be the strongest stakes, married men are the best binders, in the hedge of the commonwealth.”
  • Benjamin Franklin
    Benjamin%20Franklin
    “Love thy neighbor -- but don't pull down your hedge.”
  • Proverb
    Proverb
    “Hedges between keep friendships green.”
  • English Proverb
    English Proverb
    “Love your neighbor, yet pull not down your hedge.”

Idioms

Hedge your bets - If you hedge your bets, you don't risk everything on one opportunity, but try more than one thing.
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Etymology

Chambers's Twentieth Century Dictionary
A.S. hecg, hegg; Dut. hegge, Ger. hecke.

Usage

In literature:

Finding my feet at once, I made for the hedge, scrambling through it as Tiger began to give tongue.
"Chatterbox, 1905." by Various
Either side of the gate a high hedge extended.
"The Seventh Noon" by Frederick Orin Bartlett
But on entering a gateway in it you find a bridge over a brook, which for some distance flows with a hedge on either side.
"Round About a Great Estate" by Richard Jefferies
There was a high boxwood hedge in front of us.
"Love Among the Chickens" by P. G. Wodehouse
A hedge and lots of flowers air growin' 'round it.
"The Secret of the Storm Country" by Grace Miller White
Those widiculous men have been boring me to distwaction, and I want to hear about Yew Hedge.
"More About Peggy" by Mrs G. de Horne Vaizey
The men lay down in lines two deep, leaving a space of twelve feet between the front rank and the hedge of the zereba.
"For Fortune and Glory" by Lewis Hough
Brother, I have been with you near three hours beneath this hedge.
"The Romany Rye a sequel to "Lavengro"" by George Borrow
From the bay-window Edwin could see over the hedge, and also through it, on to the croquet lawn of the Orgreaves.
"Clayhanger" by Arnold Bennett
Many days he had to work, but finally one evening the hedge was ready.
"An American Robinson Crusoe" by Samuel. B. Allison
A motor-cyclist, with the blue-and-white band of the Signal Service round his arm, came through the hedge.
"Pushed and the Return Push" by George Herbert Fosdike Nichols, (AKA Quex)
On his right the hedge was thick and high.
"The Crooked House" by Brandon Fleming
At its foot was a little house surrounded by a low hedge.
"The Cat in Grandfather's House" by Carl Henry Grabo
Yonder along the box-hedge Boris and Billy were walking up and down.
"The German Classics of the Nineteenth and Twentieth Centuries" by Various
It is also one of the best shrubs for hedge.
"Soil Culture" by J. H. Walden
The winding lane led through the trees to the house and on either side were rows of tall, uncut privet hedge.
"Penny Nichols and the Knob Hill Mystery" by Joan Clark
It was a pleasant walk to her home, between green hedges, and with a view of woods and distant hills.
"A Pair of Schoolgirls" by Angela Brazil
With the hedges right beside us we can't see well over them, but they on the hills at a distance can look down on us.
"The Guns of Europe" by Joseph A. Altsheler
The footpath skirted the side of a plantation, and she followed it closely, keeping under the shelter of the hedge.
"The Missioner" by E. Phillips Oppenheim
An avenue of pines led up to it, and a high box-hedge along the front cut off the grounds from the road and the near-by fields.
"May Iverson's Career" by Elizabeth Jordan
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In poetry:

Curtained with yellow lace.
Through the narrow crack
Odors of wet earth rise.
The snail leaves a silver track;
Dark thickets hedge the house.
We take a backward look.
"The Sleepers" by Sylvia Plath
Last night I lay at Good Easter
Under a hedge I knew,
Last night beyond High Easter
I trod the May-floors blue--
Tilt from the sea the sun came
Bidding me wake and rue.
"Essex" by Arthur Shearly Cripps
An' all was quiet—on the sunny sides
Of hedge an' ditch the stharvin' craythurs lay,
An' thim as lacked the rint from empty walls
Of little cabins wapin' turned away.
"A Hungry Day" by Isabella Valancy Crawford
For if, as we think, they remembered the brown-roofed homesteads,
And the scent of the hawthorn hedges when daylight dies,
Old happy places,
Young eyes and fading faces;
"The Vindictive" by Alfred Noyes
And the bright-globed hedges were all ruddy,
As though warm sunset glowed perpetual.
The myriad swinging tassels of first hazel,
From purple to pale gold, were swinging all
"The Unloosening" by John Freeman
The night being fine, it was not worth while.
We strayed through furrow and corn and grass
We met with many a fence and stile,
And a quickset hedge, which we failed to pass.
"A Lost Opportunity" by Robert Fuller Murray

In news:

Eli Lilly Lowers 2009 Forecast, But Hedged For Next Year.
As Obama bets on Asia, regional players hedge.
Beleaguered hedge fund honcho Phil Falcone's big bet on his own publicly traded entity, Harbinger Group, is helping to lift his troubled hedge fund.
After a lousy 2011 for most hedge funds, this year isn't turning out much better.
Don't make a hulking hedge fund angry.
Investigation shows in detail how hedge-fund Magnetar gamed the system and kept the bubble going.
2 hedge fund managers go on trial in NY, charged with making millions with inside information .
Leonardo DiCaprio, Clint Eastwood Hedge on J.
5 Stocks Hedge Funds Love.
Sebastian Mallaby is the Paul A Volcker Senior Fellow for International Economics at the Council on Foreign Relations and the author of More Money Than God: Hedge Funds and the Making of a New Elite.
Hedge Fund Founder Mitchell Julis Wants $26 M. For 15 CPW Pad, a 152 Percent Profit.
The first time I saw my house, the length of the bottom floor was hidden behind untamed rows of hedges that had gone native.
JPMorgan Chase has raised its estimate of a hedging loss to $5.8 billion, from $2 billion, and has restated its first-quarter profits.
5 Stocks That Had Hedge Funds Jumping For Joy Recently.
Local colleagues and friends of Fleischmanns native Kenneth P Pasternak celebrated last week when US District Judge Joel Pisano cleared the hedge fund chief of all charges in a suit brought by the Securities and Exchange Commission.
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In science:

Figure 1: Schematic picture explaining how to apply e−i ˆHedge δ to a state by using the swapping techniques.
The Bose-Hubbard ground state: extended Bogoliubov and variational methods compared with time-evolving block decimation
Since Γ and Γ[M ](M−2) are neighboring in (d), one can efficiently apply e−i ˆHedge δ .
The Bose-Hubbard ground state: extended Bogoliubov and variational methods compared with time-evolving block decimation
Jiang and Oomen (2005) construct a test motivated by the hedging error of a variance swap replication strategy.
Testing for jumps in a discretely observed process
The process M is an R(x)/R0 (x)-discounted wealth process, which represents the hedging process.
Overview of utility-based valuation
Therefore N is the “risk process” – the part of the price process P R that cannot be hedged due to the incompleteness of the market.
Overview of utility-based valuation
Hence DFt (y ,z ) = [a, a]. 3) Our last example is motivated by the problem of hedging under gamma constraints in financial mathematics.
Wellposedness of Second Order Backward SDEs
In comparison, the risk management in the cash CDO/CLO market is much less sophisticated, which is mainly due to the limited availability of hedging instruments as well as the lack of a standard risk-neutral model.
A Top-down Model for Cash CLO
It is impractical and almost useless to hedge cash CLO tranches by trading individual loans.
A Top-down Model for Cash CLO
It could be feasible and cost effective to macro hedge the overall market movements of the underlying loans using instruments such as TRS or LCDX index.
A Top-down Model for Cash CLO
The macro-hedges may not work well if the basis between CLO tranches and the underlying loan changes significantly, therefore one must have a view on the basis before putting on a macro hedge.
A Top-down Model for Cash CLO
Even though the synthetic LCDX tranches were originally created to hedge the cash CLO tranches, the historical price movements of cash CLO tranches and synthetic LCDX tranches have shown very little correlation due to the fundamental differences in market dynamics.
A Top-down Model for Cash CLO
Therefore, the LCDX tranches have been very poor hedging instruments for the cash CLO tranches despite its original intention.
A Top-down Model for Cash CLO
These practical hedging restrictions are important considerations when building a cash CLO model.
A Top-down Model for Cash CLO
There is no meaningful risk measures from the DM method as the only risk factor of a cash CLO tranche is its DM by construction, which does not provide any useful guidance for risk management and hedging.
A Top-down Model for Cash CLO
Recognizing the drawbacks of the current DM based method and the practical hedging restrictions in the cash CLO market, we hereby propose a simple but practical top-down model for cash CLO.
A Top-down Model for Cash CLO
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