a type of investment fund, usually used by wealthy individuals and institutions, for which the fund manager is authorised to use a number of aggressive investment techniques, including using derivatives, short selling and leverage.
an investment made in order to protect against loss in another security, by taking an offsetting position in a related security, such as an option. hedges reduce potential losses and also tend to reduce potential profits.
the movement in the price of an an underlying instrument over an established period of time.
the purchase of a company by another company which is operating in a similar industry. the opposite of vertical integration.
the section of a country’s economy which is made up of individuals and families (rather than businesses).
a period of excessive inflation that can leave a country’s currency nearly worthless.