Net Exposure
Long positions minus short positions as a percentage of capital, indicating a fund’s directional bias to the market.
Where Net Exposure comes up
What a Hedge Fund Actually DoesThe word does real work. Start there, then the fees, then the strategies, then the job.Read the guide — 10 min Hedge Fund Strategies, and What Each One Is Betting OnThe label on the fund tells you what it is exposed to, how it is paid and what it will ask you in an interview. Applying without knowing which is a wasted round.Read the guide — 12 min Hedge Funds and Mutual Funds, Side by SideBoth pool money and buy securities. Almost everything after that is different, and the benchmark is the difference that matters.Read the guide — 8 min
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Browse the full glossary — 340 finance recruiting and technical terms, in plain English.