from the case study Big Game: Goldman Sachs' Elephant Hunt in Libya

link to the case (you can copy and paste this link ): https://services.hbsp.harvard.edu/api/courses/739341/items/IN1497-PDF-ENG/sclinks/9c916672f062774fda965dfe3075c61e

The Libyan Investment Authority (LIA):

1.What might the LIA's reasons for entering such a trade?

2.Why did the LIA enter a contract with Goldman rather than buy derivatives?

3.Which types of risk are associated with these contracts?

For Goldman Sachs:

1.Why would Goldman Sachs enter this trade?

2.What are the risks for Goldman Sachs pre-hedging?

3.What are the risks for Goldman Sachs after the trade?