RUDN Journal of EconomicsRUDN Journal of Economics2313-23292408-8986Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)12207Research ArticleMean-variance future hedging for security portfolioKerimovA Kkeram@bk.ruPeoples’ Friendship University of Russia15032014310911712092016Copyright © 2016, Economics2016The mean-variance approach futures hedging is under consideration. The representation of expected return and variation are derived for portfolio with futures. The hedging problem statement assumes limitations on expected return and on the number of futures in portfolio subject to market conditions. Adaptive methods for forecasting of necessary price parameters are used to estimate the efficient portfolio. All theoretical conclusions are illustrated on concrete examples.futuresexpected return and risk of portfolio with futuresefficient portfolioфьючерсные контрактысмешанные портфели. доход и риск портфеляоптимизация портфеля