title: Ð Ð°Ð·ÑÐ°Ð±Ð¾ÑÐºÐ° Ð¼ÐµÑÐ¾Ð´Ð° ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ ÑÐµÐ½Ð¾Ð²ÑÐ¼Ð¸ ÑÐ¸ÑÐºÐ°Ð¼Ð¸ Ð² Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸ Ð Ð¾ÑÑÐ¸Ð¸
title: Ð¼Ð°Ð³Ð¸ÑÑÐµÑÑÐºÐ°Ñ Ð´Ð¸ÑÑÐµÑÑÐ°ÑÐ¸Ñ
titleType: Subtitle
Creators: name: Ð¢ÐµÑÐ½Ð¾Ð²Ð°Ñ, Ð¯ÑÐ¾ÑÐ»Ð°Ð²Ð½Ð°
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2016
Subjects: ÐÐµÑÑÑÐ½ÑÐµ Ð¸ Ð³Ð°Ð·Ð¾Ð²ÑÐµ Ð¼ÐµÑÑÐ¾ÑÐ¾Ð¶Ð´ÐµÐ½Ð¸Ñ Ð Ð¾ÑÑÐ¸Ð¸
Ð¾Ð¿ÑÐ¸Ð¾Ð½Ñ
Ñ ÐµÐ´Ð¶Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
ÑÐ¸ÑÐºÐ¸
Ð´Ð¾Ñ Ð¾Ð´Ð½Ð¾ÑÑÑ
options
hedging
risks
profitability

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description: The work proposes the concept of state organization dedicated hedge fund, in which the operations are carried out on the crude oil hedging sent for export. The purpose is to develop a comprehensive approach to managing price risk oil and gas industry at the state level. The object is offered by state specialized hedge fund (GSHF). The item is portfolio management processes OTC options according to the criteria of profitability and risk. Method of the research is portfolio analysis in the formulation of fuzzy solution to the problem, including the optimization of the portfolio of derivatives in IRR-risk coordinates. Calculation examples are formulated on the basis of which the work of the Fund demonstrated how on historical data, and based on fuzzy prediction (Foresight).The novelty consists in the proposed organizational structure of the proposed fund with a large number of offshore locations, managed from the single center in Russia. The economic efficiency of the project to create the fund is estimated. The payback period is of 3 years. The internal rate of return of the project is 44% per annum.In the case of implementation of activities of the fund will allow to hedge 100% of its export price risks.