Assets Under Administration (AUA).

Assets under administration (AUA) is the total market value of assets for which a financial institution provides administrative services. This includes investment management, recordkeeping, and other support services. The term is most commonly used in the context of investment management firms and retirement plan administrators. AUA is different from assets under management (AUM), which is … Read more

Long-Term Capital Management (LTCM) Definition.

LTCM was a hedge fund that collapsed in 1998 after sustaining massive losses. The fund had made large bets that the spread between different types of bonds would narrow, but when bond yields unexpectedly rose, these bets went sour. LTCM’s collapse sent shockwaves through the financial system and led to tighter regulation of hedge funds. … Read more