Asymmetric payoff
An asymmetric payoff (also called an asymmetric return) is the set of possible results of an investment strategy where the upside potential is greater than the downside risk.[1] Derivative contracts called “options” are the most common instrument with asymmetric payoff characteristics.[2] Hedge funds that employ this kind of investment strategy include Universa Investments, A North Investments, Pershing Square Capital Management, and others.[3][4][5]
References[edit]
- ^ "Seeking Asymmetric Returns" (PDF). Alliancebernstein.com. Retrieved 7 October 2014.
- ^ "Option". Investorwords.com. Archived from the original on 6 October 2014. Retrieved 7 October 2014.
- ^ "Universa Investments". Universa.net. Archived from the original on 6 October 2014. Retrieved 7 October 2014.
- ^ "A North Investments". Anorthinvestments.com. Archived from the original on 6 October 2014. Retrieved 7 October 2014.
- ^ "Pershing Square Capital Management". Pershing.com. Retrieved 7 October 2014.
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