03/28/2008 02:45 am ET Updated May 25, 2011

Know Your Hedge-Fundese

Hedge-fund managers use a lot of lingo. The reason they do this is to trick you into thinking what they do is really complicated, and you are too dumb to understand it. Because after all, if everyone knew what "g-7 crosses" were, everyone would start trying to make piles and piles of money, and then there wouldn't be as much left for hedge-fund managers! But n+1 was not fooled by their trickery. Recently, they sat down a hedge-fund manager and wrung out of him the meaning of some of his people's most confounding words. After the jump, a starter guide to the Secret Language of Money.

carried out : What happens to a trader when a seemingly smart trade goes horribly awry. "Like, basically, they're carried out on a board, they're dead."

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