Derivatives at MM HF
Do HF analysts need a strong grasp of derivatives/ options if they are in a Fundamental group? Or is most of the risk management done by someone else/ the PM? Talking about Multi-Manager funds. Thanks!
Do HF analysts need a strong grasp of derivatives/ options if they are in a Fundamental group? Or is most of the risk management done by someone else/ the PM? Talking about Multi-Manager funds. Thanks!
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From what I've seen, hedging on the individual name level is typically done by the PM and the analysts. Hedging on the market/sector level might be done at the firm level (if at all) depending on the fund.
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