regrat v.— «Grantor-retained annuity trusts, or GRATs, let a person avoid a gift tax when giving money earned on hedge funds, private equity, real estate, stocks and other assets. […] Market shocks that started last year threaten...
Martha talks about the hoopoe, that colorful, clownish, extremely smelly bird—with a likely linguistic connection to defrauded hedge fund investors.
gating n.— «A growing number of hedge funds are trying to slow the exodus, because that could force them to dump investments into already shaky markets. They are temporarily preventing clients from withdrawing a lot of money at once, a...
short-kiting n.— «Naked short sellers do not have to borrow the stock. Thanks to smart lobbying by certain hedge funds, the rules have been subtly bent to say that “a broker dealer must have reasonable grounds to believe that the...
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...