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Air travel, the Internet, cheap fossil fuels, and television all have allowed people to ______________.
S&P 500 Futures
Financial contracts speculating on the future value of the S&P 500 Index.
Risk-Free Rate
The estimated yield from an investment that carries no risk, often illustrated by government bond yields.
High Water Mark
The previous value of a portfolio that must be reattained before a hedge fund can charge incentive fees.
Incentive Fees
Fees paid to a fund manager based on the performance of the fund, designed to align the interests of the manager with those of the investors.
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