pyramid

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Pyramid

1. To use unrealized profits from margin transactions to increase one's margin. That is, one uses unrealized profits as collateral on a margin account in order to borrow more money from a brokerage to buy more securities.

2. To borrow to expand a company's operations.

3. See: Ponzi Scheme.

pyramid

A classic investment fraud in which the operator pays promised high returns to current investors from the contributions made by new investors. Thus, funds are never invested in any productive assets but are simply paid out as a return to existing owners. The operator must continue to attract more and more investors in order to pay a return to those who have already committed their funds. Also called Ponzi scheme.

pyramid

To use profits derived from a profitable security position in combination with borrowed money in order to acquire an even larger investment position. Pyramiding, which is very risky, allows an investor the possibility of greater profits by using a given amount of funds to control the maximum amount of securities.
References in periodicals archive ?
In an effort to boost returns, plans will have to accept more risk or different kinds of risk," said Mike Jones, president and CEO of Pyramis.
She joins Pyramis from State Street Global Advisors (SSgA), where she served as head of the Institutional Client Group for North America directing the service and expansion of client, prospect and consultant relationships.
The 2011 Pyramis Asian Pulse Poll, a survey of 95 institutional investors in Japan, South Korea, Taiwan, Hong Kong, Singapore and China, which cumulatively hold more than USD $1.
He joins State Street from Pyramis Global Advisors, where he was an institutional portfolio manager.
Prior to FIA, he spent eleven years with Fidelity where, while serving as president and CEO of Fidelity Management Trust Company, he was instrumental in the formation of Pyramis Global Advisors, Fidelity's institutional asset management firm.
In his new role, O'Hanley will oversee all of Fidelity's Asset Management organizations, including Fidelity Management & Research Company (FMRCo), Pyramis Global Advisors and Fidelity's Asset Allocation Division, comprising Strategic Advisers, Inc.
The institutional investment fund is managed by Fidelity Real Estate Group, a division of Pyramis Global Advisors, a Fidelity Investments Company.
Five years later he was appointed president of Fidelity's total employee benefits outsourcing business, and in 2005 was chosen as president and chief executive officer to launch and lead Pyramis Global Advisors, a Fidelity investment management subsidiary serving institutional investors.
Joseph Nedder, Pyramis Advisors, Babson Management Lecturer
Speakers are: John Ross of RogersCasey, Donna Howe of Windbeam Risk Advisory, and Peter Chiappinelli of Pyramis Global Advisors.