Sorry, no online dictionaries contain the exact phrase hedged portion of an exposure.
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Reverse dictionary results:
1. secure
 2. shelter
3. accounting period
4. arcade
5. close
6. dermatomycosis
7. dermatophytosis
8. foreshore
9. piazza
10. occult
 11. bonnet
12. eye
13. eyes
14. scoop
15. scooping
16. awash
17. booth
18. considered
19. coverage
20. covered
 21. covert
22. fence
23. flies
24. fly
25. fusil
26. grille
27. hap
28. hatch
29. icecap
30. icy
 31. lid
32. misty
33. open
34. paint
35. rambling
36. rubber
37. scabrous
38. scaly
39. screen
40. security

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You can look up the words in the phrase individually using these links:   hedged ?   portion ?   of ?   an ?   exposure ?
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hedg*to search for words beginning with hedg, or
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