Complimentary Webcast

The Best Hedge for Currencies with a Negative Carry

Original Broadcast Date: Wednesday, April 25, 2012
Cost: FREE

Sponsored by:


Corporations that have revenues in countries with significantly higher rates than the US have enjoyed great returns as the spot market appreciates vs the USD. However they are punished by the forward rates when they look to hedge. By back testing different alternatives we look to determine the best approach to hedging recurring risk. In analyzing the different alternatives available we will examine implied vs historical correlation, realized vs implied volatility and the best way to get a good a price.

This web seminar will cover:

  • Using back testing to determine the optimal hedging strategy
  • Adjusting hedges to reflect corporate risk/reward profiles
  • Adjusting hedges to reflect market expectations (Historical vs Implied Correlations)
  • Getting the best price on your proposed hedge (Options Request for Quote)

Register Now!

Featured Speaker:

Demetri Papacostas
  • Demetri Papacostas
  • Senior Application Specialist
  • Bloomberg L.P.
Demetri Papacostas is a Senior FX Derivative Specialist at Bloomberg with over 26 years of experience in a variety of roles including trading, structuring and selling FX derivative products to corporations, hedge funds and individual investors.

Prior to Bloomberg Mr. Papacostas was a Managing Director at JPMorgan overseeing the Commercial Bank FX and FX Derivative sales in New York. Previously he served as the Head of Structured FX Derivative Sales for Chase Manhattan Bank. In other roles he was responsible for building the global business for FX Derivative sales at ABN AMRO

His experience also includes managing the currency options and precious metal trading and sales operations for major financial institutions including, Royal Bank of Canada, Security Pacific (Bank of America), UBS and Marine Midland.

Mr. Papacostas holds a BA from New York University in Economics and Computer Science and an MBA from Pace University, with numerous academic honors and distinctions.

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