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DTSTART:20241027T030000
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BEGIN:VEVENT
UID:calendar.135401.field_date.0@www.tse-fr.eu
DTSTAMP:20260509T203424Z
CREATED:20240724T111002Z
DESCRIPTION:Harald Hau (Université de Genève)\, “Fund-Level FX Hedging Redu
 x”\, Finance Seminar\, Toulouse: TSE\, December 2\, 2024\, 11:00–12:30\, r
 oom Auditorium 3.\n\nUsing comprehensive new contract level data (EMIR) fo
 r the period 2019-2023\, we explore how the FX derivative trading by Europ
 ean funds compares to a feasible theoretical benchmark of optimal hedging.
  We find that hedging behavior by all fund types is often partial\, unitar
 y (i.e.\, with a single currency focus)\, and sub-optimal. Overall\, the o
 bserved FX derivative trading does not significantly reduce the return ris
 k of the average European investment funds\, even though optimal hedging s
 trategies could do so without incurring substantial trading costs.
DTSTART;TZID=Europe/Paris:20241202T110000
DTEND;TZID=Europe/Paris:20241202T123000
LAST-MODIFIED:20260113T095129Z
LOCATION:Toulouse: TSE\, December 2\, 2024\, 11:00–12:30\, room Auditorium 
 3
SUMMARY:Finance Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2024-fund-level-fx-hedging-redu
 x
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