Hedge fund: Difference between revisions

180 bytes added ,  29 January 2021
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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]].
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]].
They also like shorting. This was a more fun game before the world got rocked on its axis by ''people on Reddit'', and the Wikipedia effect came to the financial services market.


[[Vega]], by the way, is not a drug.<ref>OR IS IT? For those pursuing yield return, the lure of [[leverage]] can be a little addictive, which may or may not be a plot point in {{author|Hunter Barkley}}’s forthcoming novel {{br|The ISDA Protocol}}.</ref> In fairness, in speaking of credit and borrowed capital, it does nod in [[Vega]]’s direction.
[[Vega]], by the way, is not a drug.<ref>OR IS IT? For those pursuing yield return, the lure of [[leverage]] can be a little addictive, which may or may not be a plot point in {{author|Hunter Barkley}}’s forthcoming novel {{br|The ISDA Protocol}}.</ref> In fairness, in speaking of credit and borrowed capital, it does nod in [[Vega]]’s direction.