Terms stating with L
Large Hedge Fund Adviser
A Large Hedge Fund Adviser is a regulatory designation for investment advisers managing at least $1.5 billion in hedge fund assets under management.
Large Trader Reporting
Definition of Large Trader Reporting, representing a core concept in hedge fund operations and systemic risk monitoring.
Level 3 Asset
A Level 3 asset is the most illiquid and difficult-to-value investment on a balance sheet, priced entirely using internal models rather than market data.
Leverage Cycle
Definition of Leverage Cycle, representing a core concept in hedge fund operations and systemic risk monitoring.
Leverage Ratio
A leverage ratio measures how much debt or borrowed capital a fund uses to finance its assets relative to its actual equity.
Limited Partner
Definition of Limited Partner, representing a core concept in hedge fund operations and systemic risk monitoring.
Limited Partnership Agreement
Definition of Limited Partnership Agreement, representing a core concept in hedge fund operations and systemic risk monitoring.
Liquidity Gate
A liquidity gate (or redemption gate) is an emergency mechanism used by a fund manager to restrict or halt investor withdrawals to prevent a fire sale.
Liquidity Mismatch
A liquidity mismatch occurs when a fund promises its investors quick access to their cash, while investing that cash in assets that take highly extended periods to sell.
Liquidity Provider
Definition of Liquidity Provider, representing a core concept in hedge fund operations and systemic risk monitoring.
Liquidity Spiral
Definition of Liquidity Spiral, representing a core concept in hedge fund operations and systemic risk monitoring.
Lock-Up Period
A lock-up period is a mandatory time window immediately following an initial investment during which the investor cannot withdraw their capital.
Long Biased
Definition of Long Biased, representing a core concept in hedge fund operations and systemic risk monitoring.
Long Short Equity
Definition of Long Short Equity, representing a core concept in hedge fund operations and systemic risk monitoring.