The ability to generate positive returns at a time when most financial investments were faltering suggested that hedge funds had lived up to their name: they had provided valuable hedges.
As the risk of MBIA and Ambac defaulting has grown, he adds, so has the cost of holding once valuable hedges with them.A lifeline for the monolinesNo wonder, then, that a group of banks is giving ear to a request from New York' s insurance regulator, Eric Dinallo, who oversees some of the big monolines, to discuss a possible rescue.
But this will be insufficient, in 2010 and beyond, to change the army's view of the Afghan Taliban as a valuable hedge against the West's likely defeat in Afghanistan and India's growing influence there.In late 2009 Mr Zardari denounced the Af-Pak conceit, saying Pakistan could not be compared with its wild neighbour.
Thus, the Haqqani fighters who hold sway over Paktika, Paktia and Khost Provinces in Afghanistan, and who are also strong in the capital, Kabul, and in the provinces around it, present a valuable hedge against the perceived India threat, which American officials say is overblown.
Gold is a valuable hedge against risk in any portfolio.
By depleting your Roth, you're giving up a valuable hedge against future higher tax rates, since all withdrawals from a Roth in retirement are tax free.
But their cash may be valuable to hedge fund managers only until it is not.
"Despite warnings, the bank falsely believed that its financial products in relation to the U.S. real estate market were valuable and sufficiently hedged against losses," the report said.
Who is more valuable: One hedge fund manager or one teacher?
But we stopped hedging in December and have bought long-term valuable, big companies with good, tested management such as Johnson & Johnson, Dell Computers, Kraft Foods, Wells Fargo, Intel and others.
The prosecutions charge that insiders at major technology companies have masqueraded as consultants and "sold out their employers by stealing and then peddling their valuable inside information" to hedge funds.
