An individual number that is used as a fixed-income portfolio's target performance or desired result. Most often, bogey refers to...
An investment strategy that hinges on the so-called risk allocation (rather than capital allocation) whereby investors target predefined levels of...
A portfolio of options which has a vega of zero. That is, the option combination implies a neutralized vega. This...
An investor who takes an active role in the management of the company in which he has a large stake...
A swap that references a set of single name credit default swaps. The portfolio will be customized to meet the...
A continuum of portfolios that generate the highest expected returns for their given levels of risk (standard deviation) plotted in combinations of expected return and standard...
The construction of a portfolio using active returns (alpha) as the primary driver of the construction process, instead of asset class betas. More specifically, this...
A portfolio (hedge portfolio) that is characterized by specific features such as zero investment and risk-free exposure (inflows and outflows...
A portfolio whose components (investments) are transacted in expected markets (i.e., whose value is based on expected trading costs, rather...
The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). In...