Thursday, 23 February 2017
Last updated 1 hour ago
Feb 25 2014 | 9:49am ET
The Managed Funds Association and Latham & Watkins are working together to demystify hedge funds—or at least the words associated with them.
The MFA has set up a new website and smartphone application giving free access to Latham's Book of Jargon–Hedge Funds. The glossary includes more than 900 terms common—and not-so-common—to the industry.
"Covering deal terms from ‘A/B Exchange’ to ‘VWAP’ and more than 900 terms in between, we’re pleased to provide MFA’s members and the wider financial community with this interactive library of the A's – Z's of hedge fund jargon," Latham hedge-fund task force co-chairman Christopher Clark said.
The book will be regularly updated to ensure it remains current, the MFA said.
"These global businesses can be complex, but we believe our glossary allows those who are curious and interested in hedge funds to gain clarity on the basic elements, strategies, and terms that govern the day-to-day operations of the industry," MFA President Richard Baker said.