Hedge Funds

Unemployment futures for hedge funds


A marketplace was recently created by Goldman Sachs, Deutsche Bank and ICAP for a derivative that tracks the U.S. government's weekly release of initial jobless claims. The market is intended to provide liquidity for the futures contract that was created by the trio of financial powerhouses that consider hedge funds as one of the most likely users of the unusual securities. In addition to hedge funds, the derivatives are also aimed at trading desks at banks. The contracts are weekly, expiring every Thursday, and are meant to track new jobless numbers. Options on U.S. non-farm rolls were initially