Most businesses have very high exposure to one section of the market, so wanting to hedge is natural. If your business makes toilet paper you have it easy because no matter what happens demand for your product won't collapse overnight. If you make cars then economic recessions are scary because new car sales will drop like a brick, and you need to hedge.
If you had that kind of exposure to currency risks, you wouldn't go to a hedge fund. You can easily hedge that risk yourself with futures or options. If you wanted to pay somebody for it, you would go to your banker and he would do it for you for a fraction of the 2/20 fees charged by hedge funds.
Until people figure out the magic of bidets!
https://www.amazon.com/Luxe-Bidet-Neo-120-Non-Electric/dp/B0...
That sounds like a dubious claim to me. Can you name one car maker who hedges their exposure to economic recessions like you describe?