a private investment vehicle generally focused on “trading” strategies whose primary objective is often to preserve investors' capital by taking positions whose returns are not closely correlated to those of the broader financial markets. Such vehicles are generally more liquid than Private Equity Funds and less liquid than Mutual Funds. Hedge Funds are actively managed by a Fund Manager that typically receives its compensation in the form of a Management Fees plus an Incentive Fee. Hedge Funds, often organized as Limited Partnerships, typically invest on behalf of High Net Worth Individuals and institutions. Such vehicles may employ Leverage, Short Sales, a variety of Derivatives and other hedging techniques to reduce risk and increase returns.
Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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