alpha n.— «What, exactly, do investors think they are buying when they hire investment managers such as hedge fund general partners? They would probably say something like “the ability to outperform the market”. In...
de facto n.— «One’s unmarried partner is referred to as the de facto husband or wife by some authorities. This has passed into Australian casual usage, in contrast to other English-speaking countries, as the slang term defacto to refer to...