Most specializations end up developing their own language, for example immerse yourself into either the Medical or IT arena, and you soon find yourself swimming in a tide of weird terms that often befuddle the uninitiated.
Here now, just to entertain you, is a “translation” from the “Asset management” universe. It amused me, because I received a letter just like it a few weeks ago that tripped my “skeptic” bullshit alarm. These folks only tend to send out letters when some huge screw up has happened, so regardless of what the letter says, you know in your heart of hearts its an “Oh Shit” moment, because they are most probably explaining why your pension fund has shrunk (with a rich sugar coat wrapping). Anyway, here now is the text and the translation …