Hedge Fund & CTA Industry Term Definitions

Please find below definitions of terms used in the hedge fund and managed futures (CTA) industries. Click on any term to see its corresponding definition.

• Annualized Standard Deviation of Monthly / Quarterly Return
• Average Annual Return
• Average Recovery Time (ART)
• Barclay CTA Index
• Barclay Ratio
• Compound Annual Return
• Convertible Arbitrage
• Distressed Securities
• Distribution of Monthly Returns
• Drawdown Report
• Efficiency Index
• Efficiency Ratio
• Emerging Markets
• Equity Hedge
• Equity Market Neutral
• Equity Non-Hedge
• Event-Driven
• Fixed Income: Arbitrage
• Fixed Income: Convertible Bonds
• Fixed Income: Diversified
• Fixed Income: High-Yield
• Fixed-Income-Mortgage-Backed
• High Water Mark
• Hurdle Rate
• Lock-up
• Macro
• Market Timing
• Merger Arbitrage
• Program/Fund Category
• Redemptions
• Relative Value Arbitrage
• Sector: Energy
• Sector: Financial
• Sector: Healthcare/Biotechnology
• Sector: Technology
• Sharpe Ratio
• Short Selling
• Standard Deviation of Monthly Returns
• Sterling Ratio
• Style Analysis
• Time Windows
• Total Return
• Value-Added Monthly Index (VAMI)
• Worst Drawdown