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side pocket n.— «Atticus angered some investors in March 2008 with how it treated its investment in Deutsche Börse. Atticus separated its roughly $1 billion stake in the exchange into what is known as a “side pocket,” which...
barbecue summer n.— «After the spring bounce, summer has been a washout for investors. Those of us who were hoping for a barbecue summer on the bourses have been left staring glumly at cloudy skies.» —“After the summer washout...
wall-cross v.— «Wells Fargo wanted to be among one of the first banks to get to the market before fund managers and investors became overwhelmed by the supply of stock. Being first also carried the risk that the offering could be too big...
springing claim n.— «Some investors who withdrew more than they invested currently have no valid claim, but they might have what is called a “springing” claim later, if Mr Picard tries to sue them for principal as well as profits...
I kill you later n.— «Using derivatives contracts known as accumulators, the company wanted to minimize its currency exposure resulting from a A$1.6 billion (US$1.07 billion) investment in an iron ore mine in Australia. Three months...
mini-Madoff n.— «Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the $50 billion that Mr. Madoff allegedly lost of his clients’ savings. But the number of...