Wintermute Co-Founder Reassures on Market Neutrality and Low Leverage
Yoann Turpin states that Wintermute remains market neutral with minimal leverage, despite losses in its venture portfolio.
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Summary
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Terms & Concepts
- Market Neutral: An investment strategy aiming to avoid market risk by balancing long and short positions to offset exposure.
- Leverage: The use of borrowed funds to increase potential returns, which also increases potential risk.
- Venture Portfolio: A collection of equity investments in early-stage companies, typically made by venture capital firms.