high water mark n.— «Finally, most hedge funds have something called a high water mark. It requires hedge fund managers to make investors whole before they can start collecting their 20 percent of the profits—regardless of how long that takes...
side-pocket n.— «A hedge fund often invests into securities which are not quickly or easily converted into cash. Often this happens by way of a “side-pocket” where all illiquid securities are segregated.» —“United Kingdom: Hedge Funds And The...
short-and-distort n.— «Investigators have requested emails and text messages from fund managers, looking, Hagstrom said, for evidence of irresponsible rumour-mongering—a practice known as short-and-distort, in which short sellers borrow and sell a...
bear raid n.— «It’s no coincidence that since then the size and severity of market declines is unprecedented. It was a hedge fund traders dream come true. When a group of hedge funds gang up and sell billions in what is called a “bear raid,” they...
stocker n.— «“Special situations” is a relatively new concept in India, but UK’s most successful fund in the past 26 years is the Fidelity Special Situations Fund. Its fund manager Anthony Bolton has been labelled “Britain’s top-stocker,” and when...
lock box n.—Gloss: a government account or fund which is protected from reappropriation to other government programs. «The current casinos bill under consideration puts about $300 million in an account, which legislators refer to as a “lock box”...