Glossary entry (derived from question below)
English term or phrase:
long leg of a pair trade
Italian translation:
componente long/lunga di un pair trade
Added to glossary by
Emanuele Vacca
Mar 26, 2022 13:58
2 yrs ago
18 viewers *
English term
Italy
Economics and finance specialist
Native in: Italian 
Works in: English to Italian, French to Italian
long leg of a pair trade
English to Italian
Bus/Financial
Finance (general)
Financial Markets
In questo contesto:
"The telecommunications infrastructure portfolio contributed 3,9% circa to the annual performance thanks to exposure to the towers segment and the contribution of a voluntary offer on the **long leg of a pair trade** within traditional telco operators."
Grazie
"The telecommunications infrastructure portfolio contributed 3,9% circa to the annual performance thanks to exposure to the towers segment and the contribution of a voluntary offer on the **long leg of a pair trade** within traditional telco operators."
Grazie
Proposed translations
(Italian)
| 3 | componente long/lunga di un pair trade |
Emanuele Vacca
|
References
| long leg definiton |
Erzsébet Czopyk
|
Change log
Apr 6, 2022 05:11: Emanuele Vacca Created KOG entry
Proposed translations
1 day 17 hrs
Emanuele Vacca
Italy
Italy
Native in Italian
Specializes in field
Italy
Investment and law specialist
Native in: Italian (Variant: Standard-Italy)
Works in: English to Italian
Related KudoZ points
:
321
Selected
componente long/lunga di un pair trade
Ciao Paolo! "Pair trade" mi è capitato spesso di vederlo lasciato in inglese, es. vedi qui: https://www.mediolanumvita.it/static-assets/pdf_vi/PI_ParteI...
https://images.finecobank.com/it/pub/pdf/popup/prodotti-assi...
https://www.azimut.it/documents/36306/1079853/AZ FUND 1 Annu...
(si tratta in tutti e tre casi di testi di società italiane quindi, presumibilmente, scritti direttamente in italiano e non tradotti).
Per quanto riguarda "leg" mi è capitato di sentir parlare di "componente"; non riesco a trovare particolari riferimenti online ma secondo me è un traducente intuitivamente comprensibile per il lettore dato che stiamo parlando di "strategie" di trading consistenti appunto nell'aprire diverse posizioni ciascuna delle quali rappresenta a sua volta una "componente" della strategia.
Scusami per la risposta un po' scarna a livello di riferimenti.
https://images.finecobank.com/it/pub/pdf/popup/prodotti-assi...
https://www.azimut.it/documents/36306/1079853/AZ FUND 1 Annu...
(si tratta in tutti e tre casi di testi di società italiane quindi, presumibilmente, scritti direttamente in italiano e non tradotti).
Per quanto riguarda "leg" mi è capitato di sentir parlare di "componente"; non riesco a trovare particolari riferimenti online ma secondo me è un traducente intuitivamente comprensibile per il lettore dato che stiamo parlando di "strategie" di trading consistenti appunto nell'aprire diverse posizioni ciascuna delle quali rappresenta a sua volta una "componente" della strategia.
Scusami per la risposta un po' scarna a livello di riferimenti.
4 KudoZ points awarded for this answer.
Reference comments
10 mins
Erzsébet Czopyk
Hungary
Hungary
Works in field
Hungary
sworn translator, linguist, DPO
Native in: Hungarian (Variant: Hungary)
Works in: Russian to Hungarian, Hungarian to Russian, Latvian to Russian, and 10 more.
Related KudoZ points
:
8
Reference:
long leg definiton
Long/Short Equity
A Long/Short Equity fund typically generates the bulk of its returns with its “long leg”, and more generally, through its exposure to market risk. Indeed, unlike Equity Market Neutral funds, Long/Short Equity funds explicitly take directional bets on stock markets. It is therefore natural to find a significant exposure to market risk (+++). Similarly, due to liquidity issues, they generally hold long positions in small-caps and short positions in large-caps, hence the long
exposure to the size spread (+++). The negative exposure to the value spread (–) indicates that they tend to hold long positions in growth stocks and short positions in value stocks, which is consistent with the fact that they avoid taking short positions in stocks that show strong upside potential (otherwise they would be exposed to infinite loss potential).
Since large-caps and value stocks generally show better economic fundamentals than small-caps and growth stocks, Long/Short Equity funds are negatively exposed to credit risk (––). Like Equity Market Neutral funds, Long/Short Equity funds need a minimum level of volatility so that arbitrage opportunities can arise, allowing them to generate returns. They therefore tend to show a positive but moderate exposure to volatility risk (+).
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Note added at 10 perc (2022-03-26 14:09:46 GMT)
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Introduction to Hedge Fund Strategies and their Risks
https://risk.edhec.edu/sites/risk/files/pdf/RISKArticle.2006...
A Long/Short Equity fund typically generates the bulk of its returns with its “long leg”, and more generally, through its exposure to market risk. Indeed, unlike Equity Market Neutral funds, Long/Short Equity funds explicitly take directional bets on stock markets. It is therefore natural to find a significant exposure to market risk (+++). Similarly, due to liquidity issues, they generally hold long positions in small-caps and short positions in large-caps, hence the long
exposure to the size spread (+++). The negative exposure to the value spread (–) indicates that they tend to hold long positions in growth stocks and short positions in value stocks, which is consistent with the fact that they avoid taking short positions in stocks that show strong upside potential (otherwise they would be exposed to infinite loss potential).
Since large-caps and value stocks generally show better economic fundamentals than small-caps and growth stocks, Long/Short Equity funds are negatively exposed to credit risk (––). Like Equity Market Neutral funds, Long/Short Equity funds need a minimum level of volatility so that arbitrage opportunities can arise, allowing them to generate returns. They therefore tend to show a positive but moderate exposure to volatility risk (+).
--------------------------------------------------
Note added at 10 perc (2022-03-26 14:09:46 GMT)
--------------------------------------------------
Introduction to Hedge Fund Strategies and their Risks
https://risk.edhec.edu/sites/risk/files/pdf/RISKArticle.2006...
Discussion