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In this paper, we present a multi-stage stochastic programming model that integrates financial hedging decisions into … hedging in the presence of demand uncertainty. In this situation, we find that the integrated model can result in better … strategic planning decisions for a risk-averse decision maker compared to traditional modeling approaches …
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The collapse of Lehman Brothers illustrated the importance of managing prime broker counterparty risks for hedge funds. Liquidity shocks to prime brokers can lead to cycles of deleveraging that produce losses at funds and potentially have harmful effects on financial market function and credit...
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The collapse of Lehman Brothers illustrated the importance of managing prime broker counterparty risks for hedge funds. Liquidity shocks to prime brokers can lead to cycles of deleveraging that produce losses at funds and potentially have harmful effects on financial market function and credit...
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