any person who directly or indirectly controls trades in securities that are equal to or greater than: (1) during a calendar day, either two million shares or shares with a fair market value of US$20 million; or (2) during a calendar month, either 20 million shares or shares with a fair market value of US$200 million.
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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