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Glossary
Investment Management
Hedge Fund
A hedge fund is a catch-all term today used to describe an alternative asset manager that employs a range of investment strategies to generate out-performance for its institutional and high net worth-only clients. Most hedge funds make ample use of leverage provided by prime brokers at investment banks. Traditionally associated with long/short equity strategies, hedge fund strategies also include convertible arbitrage, statistical and macro arbitrage, event-driven and distressed investing.