A global macro strategy is a hedge fund that bases its holdings primarily on the economic and political views of various countries or their macroeconomic principles. 

 

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Rebate is the portion of interest or dividends gained by the owner of a stock paid by a short seller of the stock. 

 

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Rho is the rate at which the price of a derivative shifts relative to a change in the risk-free rate of interest. 

 

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