Delta Backs Every Notional Beta Dollar With Cash or Hedge Funds
Jon Glidden · Jon Glidden - Delta Airlines Pension Fund Turnaround (EP.417) · Nov 18, 2024 · at 25:35
Jon Glidden, CIO of Delta Air Lines pension fund, describes the liquidity risk management framework governing the fund's derivative overlay.
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“We created something that we call the golden rule. So we've got a notional value of our beta overlay. Every notional dollar needs to be backed by either cash or hedge funds. That's the golden rule.”
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