Bookkeeping


Bookkeeping, double-entry, 138­139
Borrowing spreads, 31
Bottom-up investors, 60
Breakeven, zero coupon bonds, 210­211
Broker-dealers, functions of, 82, 89, 91, 93, 130, 198­199
Brokers prime, 197
traditional, 196­197
Business models business units, types of, 73­75
limited liability investment pools, creation of, 76­84
Buying the curve, 68
Call options, 25, 67, 92, 95, 204, 207­208, 212
Campbell Fund, 43
Canadian hedge funds, 44
Capital, partnership, 141
Capital accounts, maintenance of, 150
Capital gains, 36, 38, 52, 66, 113, 132, 171, 204, 208
Capital introductions, 197
Capital investment, 62
Capital losses, 66, 132
Carve-outs, 196
Cash accounting method, 138
Cash collateral, 91
Cash securities, 67
C corporation:
characterized, 73­74
double taxation, 158
limited liability, 77­78
Ceiling rule, 163­164
Center for International Securities and Derivatives Markets (CISDM), 20, 24, 176­177
Class A/class B shares, 64
Classification(s)
currency hedge funds, 29­30
equity hedge funds, 23­26
fixed income hedge funds, 26­29
funds of funds, 30
global macro hedge funds, 29
importance of, 19­20
inconsistency of categorizations, 20
information resources, 20
by size, 21
style purity, 19
by trends, 21­22
Clawback provisions, 199
Clearinghouse/clearing corporation, 92, 95
Collateral/collateralization, 62, 77, 90, 93, 95
Collateralized bond obligations (CBOs), 28
Collateralized debt obligations (CDOs), 27­28
Collateralized loan obligations (CLOs), 28
Collateralized mortgage obligations (CMOs), 68
Commissions, 15, 142
Commodities, see Commodity pools gains on, 142
valuation of, 138
Commodity Corporation, 52
Commodity Exchange Act, 130­131
Commodity Futures Trading Commission (CFTC), 40, 130­131, 219
Commodity pools defined, 6­7
legal structures, 7
liquidity, 7