long leg of a pair trade
Italian translation: componente long/lunga di un pair trade
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| 13:58 Mar 26, 2022 |
| English to Italian translations [PRO] Bus/Financial - Finance (general) / Financial Markets | |||||||
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|  Selected response from: Emanuele Vacca Italy Local time: 19:33 | ||||||
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| 3 | componente long/lunga di un pair trade |
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| long leg definiton |
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| Discussion entries: 3 | |
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Answers
1 day 17 hrs confidence: 
componente long/lunga di un pair trade Explanation: Ciao Paolo! "Pair trade" mi è capitato spesso di vederlo lasciato in inglese, es. vedi qui: https://www.mediolanumvita.it/static-assets/pdf_vi/PI_ParteI... https://images.finecobank.com/it/pub/pdf/popup/prodotti-assi... https://www.azimut.it/documents/36306/1079853/AZ FUND 1 Annu... (si tratta in tutti e tre casi di testi di società italiane quindi, presumibilmente, scritti direttamente in italiano e non tradotti). Per quanto riguarda "leg" mi è capitato di sentir parlare di "componente"; non riesco a trovare particolari riferimenti online ma secondo me è un traducente intuitivamente comprensibile per il lettore dato che stiamo parlando di "strategie" di trading consistenti appunto nell'aprire diverse posizioni ciascuna delle quali rappresenta a sua volta una "componente" della strategia. Scusami per la risposta un po' scarna a livello di riferimenti. |
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Reference comments
10 mins |
| Reference: long leg definiton Reference information: Long/Short Equity A Long/Short Equity fund typically generates the bulk of its returns with its “long leg”, and more generally, through its exposure to market risk. Indeed, unlike Equity Market Neutral funds, Long/Short Equity funds explicitly take directional bets on stock markets. It is therefore natural to find a significant exposure to market risk (+++). Similarly, due to liquidity issues, they generally hold long positions in small-caps and short positions in large-caps, hence the long exposure to the size spread (+++). The negative exposure to the value spread (–) indicates that they tend to hold long positions in growth stocks and short positions in value stocks, which is consistent with the fact that they avoid taking short positions in stocks that show strong upside potential (otherwise they would be exposed to infinite loss potential). Since large-caps and value stocks generally show better economic fundamentals than small-caps and growth stocks, Long/Short Equity funds are negatively exposed to credit risk (––). Like Equity Market Neutral funds, Long/Short Equity funds need a minimum level of volatility so that arbitrage opportunities can arise, allowing them to generate returns. They therefore tend to show a positive but moderate exposure to volatility risk (+). -------------------------------------------------- Note added at 10 perc (2022-03-26 14:09:46 GMT) -------------------------------------------------- Introduction to Hedge Fund Strategies and their Risks https://risk.edhec.edu/sites/risk/files/pdf/RISKArticle.2006... |
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