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| | Bloomberg.com: Financial Glossary |
 | | Examples of alternative investment strategies are: long--short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral. |
 | | Arbitrage keeps the prices of ADRs and underlying foreign shares, adjusted for the SDR/ordinary ratio essentially equal. |
 | | Perfectly efficient markets seldom exist, but, arbitrage opportunities are often precluded because of transactionscosts. |
| www.bloomberg.com /analysis/glossary/bfglosa.htm (6267 words) |
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