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...
rumourtrage n.— «The latest market neologism is “rumourtrage,” which means disseminating a rumour and trading on it. The practice has been around since coconuts were first traded but the proliferation of hedge funds and, more...
cat bond n.— «His name was John Seo, he was 39 years old and he ran a hedge fund in Westport, Conn., whose chief purpose was to persuade investors to think about catastrophe in the same peculiar way that he did. He had invested nearly a...
metal play n.— «In industry parlance, the plane deals are called “metal plays.” After 9/11, when airlines started returning planes to creditors or demanding substantially lower lease rates, a few hedge funds saw an...