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But hedging without a sincere attempt to open up a dialogue risks feeding China's resentment and transforming competition into conflict.
At The New York Times, executive officers and other employees who have access to material nonpublic information about the company may not engage in hedging without written approval - a group that includes more than 100 people, as well as anyone they supervise.
Among the other intriguing individuals in this volume there's Stefan Alfsson, an Icelandic fisherman who in 2005 quit fishing and joined the stream of young people becoming bankers, setting himself up as "an adviser to companies on currency risk hedging" — without a day of training.
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"I don't think you can hedge without taking a risk," said Dina Dublon, a former JPMorgan chief financial officer who worked at the firm for 22 years alongside Ina Drew, who ran the chief investment office and tearfully resigned on Monday.
It's possible to hedge without going the all-inclusive route, simply by prepaying as much as you can — for things like hotel rooms, airfare and car rentals — before leaving the United States.
And some managers say on their fund Web sites and in fund prospectuses that their portfolios are hedged, without explaining that they are actually heightening currency risk by making bets on currency moves in an effort to bolster returns.
Hudson, she wrote, wanted "what my cohorts at Iowa wanted too, to have the right to a name that gave them an 'edge' without having to endure racism, erasure, tokenization, self-devaluation, and the constant requests for free intellectual labour".
You want to hedge without too much cutting into your return.
Fink intends to make it easy for them to take their first step into the hedging world, without the swagger of his stock-shorting competitors.
He complicates matters further by warning writers to "acknowledge their sources fully and without hedging".
Asked if he would continue it, he said "Yes," without hedging or elaboration.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com