A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from August 26, 2011
Hedgie

A “hedgie” is a hedge fund or someone who works for a hedge fund. The term “hedgie” has been cited in print since at least 1986-87.


The Free Dictionary
Hedgie
Slang for a hedge fund.

Google Books
Boardroom Reports
Volume 15
1986
Pg. 23:
NO BEATING THE HEDGIES
Pg. 24:
The “hedgies” take advantage of this worldwide network to buy thousands of shares of stock out of traders’ inventories.

Google Books
Esquire: the magazine for men
Volume 107
1987
Pg. 149:
The “hedgies” are short sellers such as Bill McGarr of the McGarr Fund, who turned a 32- percent profit for his clients in 1984—a year in which the Dow moved but 1.4 percent—by sussing out the impending destruction of various savings and loans, and by riding one health information company whose ...

Google News Archive
7 March 1994, Milwaukee (WI) Sentinel, “Same story, different day: Hedge funds get clipped” by Allan Sloan, pg. 40D, col. 2:
Rather, hedge funds are pools of money gathered from a small number of very rich investors.

The hedgies who manage this money seel to reap huge returns. WHich is understandable, because they generally get a 20% cut of their investors’ profit.

Fortune magazine
Everybody’s Going Hedge Funds
It seems that almost anyone with a brain is fleeing Wall Street to start a hedge fund. Why? Because the job offers power, autonomy, and the fastest way on earth for a competent money manager to get seriously rich.

By Bethany McLean
June 8, 1998
(...)
Hedge fund managers also say they relish the satisfaction of running money without the restrictions of more conventional investment vehicles. The manager of a large-cap equity mutual fund, for example, may be required to mirror the weightings of the S&P 500 in her portfolio. That would mean keeping a certain portion of assets in, say, retail stocks, regardless of your opinion of the sector. That’s what hedgies refer to as dead weight.

OCLC WorldCat record
First: - I Know What the Hedgies Did Last Summer - Maybe there really is a conspiracy out there
Author: Paul Krugman
Publisher: [New York, NY, etc., Time, inc., etc.]
Edition/Format:  Article : English
Publication: Fortune. 138, no. 12, (1998): 40
Database: ArticleFirst

TheStreet
Clouds Over Wall Street: Hard Times Trim Young Hedgies
By Suzanne Kapner 10/14/98 - 10:44 AM EDT
There’s an old saying on Wall Street: Hedge fund managers either eat well or sleep well—but they don’t do both.

OCLC WorldCat record
FIRST: - A Hedgie Bets on Baseball - Why did a smart guy like John Henry buy the Marlins?
Author: David Whitford
Publisher: [New York, NY, etc., Time, inc., etc.]
Edition/Format:  Article : English
Publication: Fortune. 139, no. 8, (1999): 56
Database: ArticleFirst

OCLC WorldCat record
Revenge of the Hedgies
Edition/Format:  Article : English
Publication: FORTUNE -EUROPEAN EDITION- 140, no. 6, (September 27, 1999): 122
Database: British Library Serials

OCLC WorldCat record
Fund of Information - Hedgies don’t have all the brains
Author: Michael Santoli
Publisher: Chicopee, Mass. : Dow Jones & Co., 1994-
Edition/Format:  Article : English
Publication: Barron’s. (November 19, 2001): F2
Database: ArticleFirst

OCLC WorldCat record
Managed accounts, which disdain secrecy, gain at expense of hedgies
Publisher: [New York] IDD.
Edition/Format:  Article : English
Publication: The Investment dealers’ digest. 69, Part 15 (April 14, 2003): 15-19
Database: ArticleFirst

OCLC WorldCat record
As strategies falter, hedgies are looking more like private equity shops
Publisher: [New York] IDD.
Edition/Format:  Article : English
Publication: The Investment dealers’ digest. 70, no. 48, (December 13, 2004): 16
Database: ArticleFirst

Google Books
Academic Dictionary of Marketing
By Prakash Mathur
Delhi: Isha Books
2005
Pg. 117:
Hedgie: Slang for a hedge fund

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Friday, August 26, 2011 • Permalink