Hedge fund: Difference between revisions
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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]].” | 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]]. | That neglects to mention how much they charge, or that they talk a lot about [[alpha]] — even ''[[leveraged alpha]]'' — and have the [[Backtesting|back-tests]] to prove it — while doing a lot of [[vega]]. | ||
===Hedge funds hang out with=== | ===Hedge funds hang out with=== | ||
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===See also=== | ===See also=== | ||
*[[Backtesting]] | |||
*[[Greeks]] | *[[Greeks]] | ||
*{{tag|AIFMD}} | *{{tag|AIFMD}} | ||
*[[Leverage]] | *[[Leverage]] | ||
*[[Synthetic prime brokerage]] | *[[Synthetic prime brokerage]] | ||
Revision as of 12:30, 27 February 2019
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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 — and have the back-tests to prove it — while doing a lot of vega.