This is CER's latest announcement relating to it's Equity Hedges with Centro Properties Group;http://www.centro.com.au/NR/rdonlyres/DC58BEAB-039F-4BC0-A8AA-809ADBEF9693/0/CEREquityHedgeUpdate15Oct09.pdf?User=90432464-76D0-4E63-B508-594847C081C0I would appreciate one of the several knowledgeable members reading this thread to explain how these **equity hedges** work and why they were put in place originally.thanks.