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...
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...
money-good adj.— «“OK, something that Moody’s rates triple-A must be money-good, so I’m going to worry about the other things I’m investing in, but when it comes time to say, ’Where am I going to put my cash?,’...
carry someone out v. phr.— «And all these things you would argue should lead a currency to trade weaker, and he got very very long the dollar, short the Yen, and a lot of people did alongside him, and basically there was a two- or three...