Convertible Arbitrage		Take a long position in a convertible bond combined with an actively managed short position in the underlying equity
Distressed Securities		An investing strategy of taking long positions in stocks that are expected to appreciate and short positions in stocks that are expected to decline.
Emerging Markets		Invest in debt and equity of companies in developing or emerging countries and in the debt of the countries themselves
Global Macro		Funds that are subject to less regulation and fewer restrictions than mutual funds
Merger Arbitrage		Trade after a merger or acquisition is announced so that a profit is made if the announced deal takes place
Long/Short Equities		Carry out trades that reflect anticipated global macroeconomic trends
Hedge Funds		Securities issued by companies in or close to bankruptcy