TagHedge

Smeuse

There’s a word hole in a hedge or wall made by the repeated passage of a small animal. It’s called a smeuse. This dialect term from the UK is one of hundreds from Landmarks, a book of essays in which Robert Macfarlane seeks to reanimate...

high water mark

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

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...