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Here's the test: you can repurchase the same investments at no cost.
Many funds simply crowd into the same investments, reducing the potential payoff for everyone.
Arbitrage, in the financial world, is the simultaneous trading among two or more markets in which the same investments are valued differently.
The club of technology insiders is a deeply connected, interdependent network, with many players overlapping at one time or another on the same investments, boards and payrolls.
Equity markets, however, improved in the fourth quarter, so Goldman should gain from some of the same investments that ate into profits just a few months ago.
The Treasury issued a statement this month that "taxpayers will be made whole" on certain investments in A.I.G., but its own analysis has estimated that the Treasury will lose $30 billion on the same investments, according to the prepared testimony.
Similar(35)
Often the same investment banks, hedging their bets, have invested in several competing platforms.
[And] we have committed to invest at least $100 million more in the same investment we have made for our clients.
"One has to ask if one is prepared to make the same investment again.
"No matter how committed they are, they don't have the same investment.
They wish the French had the same investment in Frenchness that they do.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com