Glossary
G
Global Macro
One of the oldest hedge fund strategies characterized by a broad range of strategic options. It is based upon a macroeconomic analysis of major developments in the political and economic spheres. The fund manager seeks to identify at an early stage breaks in trends affecting equity, interest rate or currency movements or shifts in the global economy and to profit from them. A hallmark of Global Macro is the use of derivatives based on crude oil and gold. However, a much more significant use of commodity-based derivatives is the Managed Futures approach.
goodwill
The amount that a purchaser is prepared to pay - in light of future profit expectations - above and beyond the value of all tangible and intangible assets after deduction of liabilities.
gross
Before deduction of reinsurance.
guarantee credit financing
The guarantee constitutes a loan extended by a bank by standing surety (as per §§ 765 ff. German Civil Code [BGB]) or putting up a guarantee. The bank does not make a monetary amount available, but rather its own credit standing.
