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The Book of Jargon®Hedge Funds

An interactive glossary of acronyms, slang, and industry terminology.

The Book of Jargon® – Hedge Funds is one in a series of practice area and industry-specific glossaries published by Latham & Watkins.

The definitions provide an introduction to each term and may raise complex legal issues on which specific legal advice is required. The terms are also subject to change as applicable laws and customary practice evolve.

This glossary is intended to be a useful tool for recent law and business school graduates as well as other professionals seeking initiation into the industry, while also serving as a resource for seasoned executives.

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The information contained herein is not legal advice and should not be construed as such.

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’33 Act,’34 Act,’40 Act,3(a)(2) Transaction,3C1 Fund,3C7 Fund,100 Holder Rule,144A for Life Offering,144A Offering,404 Compliant,A / B Exchange Offer,ABS,Accelerated Share Repurchase (ASR),Acceleration,Accredited Investor,Accreted Value,Adjusted EBITDA,ADR,ADS,ADTV,ADV,Adviser,Advisers Act,Advisory Fee,Affiliate,Affiliate Securities (Control Securities),Affirmative Covenant,Agency Trade,Alfred Winslow Jones,All or Substantially All,Alpha,Amendment,American Depositary Receipt (ADR),American Depositary Share (ADS),American Option,Amortization,Amortization Schedule,Angel Investor,Annual Rate of Return,Annualized Rate of Return,Arbitrage,Article 9,ASR,Asset-Backed Security (ABS),Asset Manager,Assets Under Management (AUM),Asset Swap,Assignment,At Par,At-the-Money,Automatic Shelf Registration,Automatic Stay,Average Annual Return,Average Daily Trading Volume,Average Monthly Return,Average Rate of Return,Balance Sheet,Balloon Payment,Bank Book,Bankruptcy,Bankruptcy Code,Bankruptcy Remote 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