Wildly gyrating markets also raise doubts about the derivative instruments Olam uses to hedge the inventory it must carry.

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The unsold housing inventory will be bought up as an inflation hedge.

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He would probably need, at the very least, a sophisticated hedge fund cloaking device and word has it that only Goldman Sachs or JP Morgan has one in inventory there were rumors about such a black-box development at Morgan Stanley but that seems to have been someone talking their book.

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