Glossary
active. The exposure to a risk factor is actively managed if it is continuously adjusted on an ongoing basis.
allocation. Allocation is a top-down process by which equity capital is assigned to various strategies/investments.
alpha. The return generated by a fund that cannot be attributed to market performance. The value added of the fund or manager.
arbitrage. A simultaneous sale of a security or commodity in different markets to profit from unequal prices.
asymmetric trading. Trading strategies that employ asymmetric rules and, consequently, result in option-like behavior.
asymmetry. The degree to which a distribution is not symmetrical around the mean, but rather is skewed to one side or the other.
attribution. The classification ...
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