Tal vez es una serie de *post* más para **finanzas 301**, pero los ultimos 3 *post* de *Quantivity* hacen un buen capitulo de *Hedging*.

*“The root challenge of two current equity risk and alpha projects boil down to hedging using non-underlying instruments, known as proxy hedging or cross hedging.”*

Empirical Quantiles and Proxy Selection

*“(…)how to choose an appropriate hedge instrument, especially amongst several alternatives.”*

Empirical Copulas and Hedge Basis Risk

*“Of particular interest is understanding the dynamics of basis risk under extreme scenarios (both up and down), which are driven by time-varying stochastic joint covariation.”*