Usually relates to Jurisdictions known as Tax Havens, where there is little government control and/or low or no tax rates. All major offshore Jurisdictions, Companies and Funds will have a rating. Please see Ratings.

An open-end hedge fund issues an unlimited number of shares to the public. Open-end shares can be redeemed directly with the issuer and new shares can be issued upon request. Opposite of: Closed-end Hedge Fund

A product that is permanently open for investment. New units (shares, bonds, units) are created or dissolved as required. Investors can subscribe (buy) or redeem (sell) these units at the prevailing net asset value per unit in accordance with the details set out in the relevant product prospectus.

A derivative instrument [see Derivatives] that gives the holder the right, but without any obligation, to buy (call) or sell (put) a security or asset at a fixed price within a specified period or at a particular future date.