Hedge fund: Difference between revisions
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We define a [[hedge fund]] as a couple of guys with a bright idea and a rented office in Mayfair. | We define a [[hedge fund]] as a couple of guys with a bright idea and a rented office in Mayfair. | ||
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*[[Leverage]] | *[[Leverage]] | ||
*[[Synthetic prime brokerage]] | *[[Synthetic prime brokerage]] | ||
Revision as of 14:37, 21 November 2016
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Prime Brokerage Anatomy™
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We define a hedge fund as a couple of guys with a bright idea and a rented office in Mayfair.
The Oxford English Dictionary says it is an “offshore investment fund, typically formed as a private limited partnership, that engages in speculation using credit or borrowed capital.”
That neglects to mention how much they charge, or that they talk a lot about alpha — even leveraged alpha — while doing a lot of vega.