Pension fund trustees can find equity derivatives confusing. At the NAPF conference in Edinburgh last month a baffled but brave trustee stood up to ask how he could cut through the “black art and mumbo jumbo” of these instruments.
The question was a blow for Trevor Robinson, founder and CEO of his eponymous investment management firm TRIM, which specializes in derivatives. He had just wrapped up his presentation on equity derivatives with that very aim – the enlightenment of trustees.
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