Net long
Net long refers to a portfolio that, on balance – adding up the long positions and deducting the short positions – still has a positive exposure to the group of […]
Short investing
To go “Short” in the context of an investment refers to a negative holding of something (selling something you do not own). It is the opposite of long investing. “Net short” is where […]
Protection strategies
Some hedge fund strategies are designed to make money when other assets are falling in value. Collectively these can be referred to as protection strategies. The simplest of these is […]
NAV
NAV – short for Net Asset Value See also Net Asset Value per share
ETF
ETF is an abbreviation for Exchange Traded Fund. These are funds, traded on an exchange (like an investment company), that issue and redeem shares to match supply and demand (like […]
Equity hedge
Equity hedge funds can be long/short funds that have a portfolio where the long positions are more or less offset by short positions, or equity long bias, funds that are almost […]
Long investing
Long investing refers to a positive holding of something. It is the opposite of short investing. A portfolio that does not take short positions is referred to as a “traditional long […]
Gearing
Gearing – A measure of how much a company has borrowed, calculated as debt (excluding other short-term liabilities) divided by net assets and expressed either as a percentage or as a […]