| 21.05.2025 Opalesque exclusive: Carry-neutral tail risk strategy gained during April volatility spike |
| By Opalesque Geneva for New Managers: Tail risk is the chance of a loss occurring due to a rare event, as predicted by a probability distribution. Hedging is a solution to protect a portfolio against tail risk. But this kind of hedging is constant and draining. While it may enhance returns over the long term, the short-term costs of regular hedging (by, for example, buying derivatives negativel |