hEDGE. Hedging is the act of buying and selling financial claims or using other financial tools in order to protect against the risk of fluctuations in market prices or interest rates. There have been many famous hedge funds which have resulted in the loss of huge amounts of consumer money. Please discuss one of these cases to examine and make recommendations as to how the individuals and organizations who participated in these funds could have minimized their risk.InstructionsDescribe an overview of the case and players involved.Describe amount of money lost and from what source of industry this loss occurred.Include the length of time this fund was active in the market.Describe the outcomes for the individuals who were involved in the fund. I.e. prison terms, payback orders.THREE PAGES, excluding title and reference pages!!