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In the context of hedge funds, a style of management that takes long-term strategic bets. For example, the manager might believe that the Yen will appreciate relative to the dollar over the next six months and alter the portfolio to capture this potential profit opportunity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In hedge funds, describing a medium or long term investment strategy. For example, a hedge fund manager may purchase futures contracts or options that do not expire for six or nine months, believing that the fund can profit from trends in the meantime or that the market will move in the desired direction during that timeframe.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved