To: Jeffrey Epstein([email protected]] From: Jeffrey M Matusow Sent Fri 5/28/2010 4:08:56 PM Subject: RE: Dividend hedge The iTraxx is meltdown insurance - for a 100% hedge you'd have to do multiples of the notional - probably 4-5x. But if you do that you risk giving up all the ev

raxx Europe index vs the Dividend index: Friday close Tuesday open % chancre 2012 Dividends 94.50 90.50 4% iTraxx Europe 120 127 5.8% The iTraxx acted as a good hedge for the Dividends trade. What do you think? A lot of volatility in oil, but it is only up 50cents at $74.50. It rallied off th