Long-only: An investment strategy that only takes the long position on its investments with no short-selling involved.
UCITS Fund: An EU based liquid, regulated mutual fund structure that adheres to the UCITS (Undertaking for Collective Investment in Transferable Securities) Directive.
40 Act Fund: A regulated mutual fund structure that adheres to the regulations set out by the 1940 Investment Company Act.
Customized Managed Accounts: Customized investment portfolios tailored to the specific needs of the account owner, managed by the hedge fund.
Pari Passu Managed Accounts: Managed Accounts that are kept separate, but run identically to the hedge fund’s flagship fund.
Management Fee: A fee charged by investment managers for managing a fund.
Basis Point: A unit of measurement for percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%.