J Curve (2)

Definition:

In context of private equity, the curve that is formed by plotting returns generated by a private equity fund against time from inception to termination. There is usually negative returns (due to start up costs and management fees) in early years and investment gains in the outlying years as the portfolio of companies mature.

Jakarta Stock Exchange
Established in 1977, the largest securities exchange in Indonesia.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Minimum maintenance

The lowest required equity level that must be held with a broker in a margin account. See: margin call.

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