A hedge fund can borrow in order to enhance its overall returns. Borrowing, or using leverage, is a source of both volatility risk and financing...

A type of leverage that is made up of borrowed funds such as loans, credit facilities, bond issuances, etc. Cash-producing leverage can be defined as...

It stands for leverage-adjusted duration gap ; a duration gap measure that takes into account a bank's overall exposure to interest rate...

A duration gap measure that takes into account a bank's overall exposure to interest rate risk. It is calculated as the difference between...

The construction of a portfolio using active returns (alpha) as the primary driver of the construction process, instead of asset class betas. More specifically, this...

A financial ratio that relates assets to owners' equity. It is a measure of the proportion of total assets financed by a...

A financial ratio that relates assets to owners' equity. It is a measure of the proportion of total assets financed by a...