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Introduction

Hedge.lu is a resource website aimed at providing relevant finance cases to professionals, academics, and students. There is much to learn from past history, and knowing precise events is a great ally in any argument.

The name "Hedge.lu" comes from two independent reasons and motives: the first one is that this domain was unused, whereas it looks and sounds great. The other half of the explanation is that most of the finance cases which have had a large impact on how we run a firm today from a financial standpoint involved huge failures in hedging programs. That makes Hedge.lu the perfect place to talk about such things!

List of Content

Title	Firm Involved	Year	Keywords
Disguised speculation	American Barrick	1993	Hedging, Derivatives, Oil
Matching cash flows and the importance of accounting	Metallgesellschaft	1993	Hedging, Derivatives, Oil
M&A integration and CEO hubris	Worldcom	2002	M&A, synergies, integration, governance
How not to insider trade	Millenium	2008	Options, Insider Trading
The importance of getting dividends right	Virtu Financial	2014	Corporate Actions, Dividends, Accounting, HFT
Listing a Chinese business in the US	Alibaba	2014	Listing, IPO, China, Foreign Entities, Governance
The impact of cultural heritage on governance	Toshiba	2015	Corporate Governance, top-down pressure, accounting, scandal
Creating value by splitting businesses	Paypal	2015	Spinoff, Activist investor
The reach of US law & Bond covenants	Elliott Capital Management	2016	Pari passu, bonds, Argentina, Hedge funds, covenants
HFT Thrive off complexity	IEX	2016	Stock Exchange, Speed bump, Market Structure, HFT
The Economic rationale behind spinoffs	Yahoo	2016	Spinoff, Investment, Participation
Broker prices are unreliable	Saba Capital Management	2017	Broker Prices, Fair Value, IFRS 13, Corporate Bonds