Hedge fund

Hedge Funds & Prime Brokerage Anatomy™

There is no industry standard prime brokerage agreement, so this is not so much an anatomy as a collection of resources about an amorphous subject. Hedge fund \| AIFMD \| Depositary \| Prime broker \| prime brokerage agreement \| synthetic prime brokerage \| margin lending \| custody asset \| CASS Anatomy \| reuse & rehypothecation \| hedge fund \| leveraged alpha \| greeks \| short selling Index: Click ᐅ to expand: Prime Brokerage Securities Financing Investment Strategies

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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.

Vega, by the way, is not a drug.^[1] In fairness, in speaking of credit and borrowed capital, it does nod in Vega’s direction.

Hedge funds hang out with

References

↑ 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 Hunter Barkley’s forthcoming novel The ISDA Protocol.

[1] 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 Hunter Barkley’s forthcoming novel The ISDA Protocol.

[1]

Hedge fund

Hedge funds hang out with

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Hedge fund

Hedge funds hang out with

See also

References

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