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When the forming stage is complete,there will be a relatively clear hierarchy of leadership within the group and agreement on the group's direction.
Market Neutral
An investment strategy that seeks to avoid some forms of market risk by taking offsetting positions in different securities, aiming for a net market exposure of zero.
Government Regulation
The act of controlling business behavior through a set of rules or laws set forth by the government to achieve outcomes that might not be achieved through free markets.
Incentive Fee
An incentive fee is a fee charged by a fund manager based on the fund's performance, encouraging the manager to achieve superior returns.
Benchmark
A standard or point of reference against which the performance of a security, mutual fund, or investment manager can be measured.
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