Equity derivatives house of the year: Société Générale

- Risk magazine staff
- 10 Jan 2011

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The decision to spend around €100 million on hedges that significantly underperformed when the sovereign debt crisis was in its pomp may seem like a dreadful misjudgement by Société Générale Corporate and Investment Banking (SG CIB). However, the bank has no regrets about shelling out around half of that total to protect its equity derivatives books – and is adamant that if faced with the same situation again, it wouldn’t hesitate to cough up the cash.

“By the end of April, we had become

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